Digital Yuan

Bank of International Settlements Says China's Digital Yuan Will Not Have 'First Mover Advantage'
Bank of International Settlements Says China’s Digital Yuan Will Not Have ‘First Mover Advantage’
Bank of International Settlements General Manager Agustin Carstens pushed back against claims that China’s digital yuan would give the country a “first mover advantage” in the...
Bank of International Settlements Says China's Digital Yuan Will Not Have 'First Mover Advantage'

Agustin Carstens
Digital Yuan Won’t Give China ‘First-Mover Advantage’ With CBDCs, BIS Chief Says
"Digital nature alone" will not be enough to give any one CBDC an edge as an international reserve asset, the BIS general manager asserts.
Agustin Carstens

People's Bank of China's headquarters in Beijing
China’s Digital Yuan Will Be ‘Backup’ to Alipay, WeChat, Says PBOC
In order to support the retail payment system, the central bank has to step up its own digital yuan.
People's Bank of China's headquarters in Beijing

Federal Reserve Chairman Jerome Powell
Fed Chair Powell: Digital Dollar Would Need Stronger Privacy Than Digital Yuan
“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.
Federal Reserve Chairman Jerome Powell

People's Bank of China's headquarters in Beijing
People's Bank of China Official Says Fully Anonymous Digital Yuan ‘Not Feasible’
The central bank needs to balance privacy for users with "international consensus" on risk control, the director of the PBoC's Digital Currency Research Institute said
People's Bank of China's headquarters in Beijing

yuan and usd
How China’s Digital Yuan Could Go Global
China has been quietly testing platforms where the digital yuan can be freely traded with other fiat currencies.
yuan and usd

People's Bank of China, Beijing
Digital Yuan Likely to Feature at China's 'Two Sessions' Meetings of Lawmakers: Report
The central bank digital currency is expected to be raised at China's biggest meetings of legislators later this week.
People's Bank of China, Beijing

Chinese yuan
Tencent and Ant Group-Backed Banks to Join China's Digital Yuan Trial: Report
The two commercial banks join the six state-owned banks already participating in the CBDC trial.
Chinese yuan

People's Bank of China's headquarters in Beijing
China's Central Bank Is Partnering With SWIFT on a New Joint Venture
It's unclear what the new group's mission will be, though People's Bank of China employees working on its digital currency efforts will be involved.
People's Bank of China's headquarters in Beijing

nuno-alberto-MykFFC5zolE-unsplash
Geopolitics at Stake in US Response to China's Digital Yuan: Report
From privacy to political power, China’s digital yuan will have far-reaching implications.
nuno-alberto-MykFFC5zolE-unsplash