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History of the digital yuan. The digital yuan originated with a project launched by the People’s Bank of China (PBOC) in 2014. At the time, central bank digital currencies or CBDCs were a new ...
The digital yuan, also known as e-CNY, is at the forefront of this ambition, serving as a tool to expand China’s financial reach and increase the currency’s acceptance worldwide.
China wants to break the US dollar’s stranglehold on the global financial system and gain greater control over how people spend their money. It’s hoping a digital currency could deliver both. ...
Could the digital yuan supplant the U.S. dollar in the global economy? Says one expert: “When you reinvent money, it's a good opportunity to rethink the world ecosystem.” Could the digital ...
The digital yuan, with its offline transaction capabilities, brings these underserved communities into the fold, enabling them to participate fully in the economy.
The digital yuan or e-CNY is a digital form of China’s national currency. While investors can't trade it directly it's an important development for mobile payment providers. Learn more.
China is pushing forward with its experiment in creating a digital version of the yuan and may give foreign athletes and visitors a chance to use it at the 2022 Beijing Winter Olympics.
The digital yuan is making slow, steady progress on many fronts. In recent days, an event with the digital yuan was held in Beijing to coincide with the 2024 China Science Fiction Conference.
How does the digital yuan app and digital wallet work? The digital wallet, called the 数字钱包 shuzi qianbao in Chinese, is an online wallet through which you can keep track of and store e-CNY. It is ...
Digital wallets run by private companies like Tencent and Alipay also store customer data, which the Chinese government can access. But with the digital yuan, there is no third party involved; the ...
The digital yuan was born as China’s answer to Facebook's Libra. But it’s much more than that. Skip to main content. SECURITY. POLITICS. THE BIG STORY. BUSINESS. SCIENCE. CULTURE. REVIEWS.
Digital Chinese currency is displayed on a mobile phone in Yichang, Hubei province, China, Feb 22, 2021. Costfoto/Barcroft Media via Getty Images. Even as they move forward, however, some central ...