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Opinion

China's Latest Digital Currency Trial Is Its Most Important Yet

More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.

By Nathaniel Whittemore
AccessTimeIconDec 7, 2020 at 8:00 p.m. UTC
Updated Sep 14, 2021 at 10:39 a.m. UTC
AccessTimeIconDec 7, 2020 at 8:00 p.m. UTCUpdated Sep 14, 2021 at 10:39 a.m. UTC
New Yuan digital currency of China on red economic chart.

AccessTimeIconDec 7, 2020 at 8:00 p.m. UTCUpdated Sep 14, 2021 at 10:39 a.m. UTC

More money, more participants, more participating banks and merchants – a look inside the latest DC/EP trial in Suzhou.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Crypto.com, Nexo.io and this week’s special product launch LVL.co.

Download this episode

Today on the Brief:

  • COVID-19 vs. Stimulus 
  • Small hedge funds outperform large brethren 
  • Equities now worth 115% of global GDP 

Our main discussion: Why the newest trial of China’s central bank digital currency is its most important trial yet.

In this episode, NLW discusses:

  • The significance of the “Double 12” shopping festival 
  • How the participant merchants have changed
  • Comparison of the size of the lottery
  • Changes in public interest
  • Why it matters to the crypto industry

See also: JD.Com Says It’s Accepting China’s Digital Yuan for Latest Lottery

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

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