Digital Yuan

Digital Yuan

China’s Central Bank: Here’s the Latest on the Digital Yuan

David PanJan 10, 2020

The People's Bank of China said several important processes in the development of the digital yuan were "almost complete."

https://www.shutterstock.com/pic-313388084/stock-photo-beijing-china-september-3-2015-the-peoples-bank-of-china-it-is-the-central-bank-of-the-peoples-republic-of-china-at-end-june-currency-in-circulation-was-586-trillion-yuan.html?src=ltdl1TPYpOLrSy9ZrR6Q9A-1-0Digital Yuan

Unlike Libra, Digital Yuan Will Not Need Currency Reserves to Support Value: PBOC Official

Paddy BakerDec 23, 2019

PBOC wants to distinguish its own digital currency from rival private initiatives.

WEF 2020

Davos Needs to Wake Up to the Ills of Centralization

Michael J. CaseyJan 17, 2020

The lens of decentralization reveals a number of elephants in the room that world leaders at the WEF are missing.

PBOC

China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says

David PanNov 26, 2019

Former PBoC head Xiaochuan Zhou says the digital yuan will enable retail payments first, but might need a different technical design for cross-border payments.