DCEP

macau-photo-agency-Zak4riFWRT4-unsplash
China Is Opting Out of US-Run Financial System
If the U.S. government doesn’t lead financial innovation, China will leapfrog it and control the world’s emerging monetary infrastructure.
macau-photo-agency-Zak4riFWRT4-unsplash

U.S. President Joe Biden
Biden Administration Concerned Over Long-Term Effects of Digital Yuan: Report
Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan.
U.S. President Joe Biden

President Joe Biden should nominate a new head for the Office of the Comptroller of the Currency in the coming weeks.
State of Crypto: What’s Next for the OCC?
The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.
President Joe Biden should nominate a new head for the Office of the Comptroller of the Currency in the coming weeks.

Huawei mural on a wall in Lusaka, Zambia
China Leads Africa's Digital Currency Race
With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.
Huawei mural on a wall in Lusaka, Zambia

digital yuan
Central Bankers, Experts Outline Possible Scenarios for CBDC Adoption
Central bank digital currencies can have broad implications for the global balance of power, experts say.
digital yuan

The yuan, China's national currency.
Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
The yuan, China's national currency.

Alipay's logo
How Ant’s Suspended IPO Is Related to China’s Digital Yuan
Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.
Alipay's logo

China Flag
Proposed Chinese Law Outlaws All Yuan-Pegged Tokens – Except for Its CBDC
The new version will essentially also clear the way for the digital yuan to be the one and only official yuan-pegged token in mainland China.
China Flag

balls, lottery
Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report
The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.
balls, lottery

China Construction Bank
China's Digital Currency May Come With Hardware Wallets as Well
China Construction Bank’s brief digital yuan debut suggests that hardware wallets for the central bank digital currency may be in the works.
China Construction Bank