Digital Yuan


Digital yuan can have 'controllable anonymity', PBoC official says

Digital yuan can have 'controllable anonymity', PBoC says

(ATF) On March 20, at the China Development Forum held in Beijing, Mu Changchun, director of the Central Bank’s Digital Currency Research Institute, said that the digital yuan can achieve limited anonymity, but stressed that complete anonymity is not feasible in reality, as a certain identification needs to be retained …

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The digital yuan and its disruptive potential

The digital yuan and its disruptive potential

(ATF) After more than 70 years of dominance, the US dollar-centric global monetary system is under challenge. While the USD is not expected to lose its global currency status any time soon, many countries – mainly but not limited to the developing ones – have started to question the dollar …

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PBoC JV with Swift may signal bid to boost digital yuan's reach

PBoC JV with Swift may signal bid to boost digital yuan's reach

(ATF) The People’s Bank of China (PBoC) has set up a joint venture with SWIFT, the global system for financial messaging and cross-border payments, in a sign that China is exploring global use of the digital version of the yuan - China’s national currency. SWIFT (the Society for Worldwide Interbank …

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Answers to rampant rumours about the digital yuan

Answers to rampant rumours about the digital yuan

(ATF) Speculation about China’s digital yuan has been rife all year. At present, the digital yuan is being tested in Shenzhen, Suzhou and other places, but to most of the country's 1.4 billion people it is still a mystery.In the China Financial Stability Report (2020) released on November 6, the …

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China gets new bank note. But why?

China gets new bank note. But why?

(ATF) China has released a new five-yuan banknote. But as the central banks rolls out its digital currency, and electronic payment technologies such as Alipay and WePay account for a growing number of transactions, many wonder about the purpose of the new bill.The paper note was unveiled on November 5. …

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The digital yuan and the power of currencies 

The digital yuan and the power of currencies 

(ATF) With a clear eye on China, the European Central Bank has sounded the alarm that Europe could lose its very sovereignty, not just its economic autonomy, if it fails to develop a digital euro. The warning is a reminder of how much is at stake politically in the global …

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The digital yuan/RMB is securing a seat at the table

The digital yuan/RMB is securing a seat at the table

(ATF) Last week, the People’s Bank of China 'airdropped' via lottery 10 million digital yuan or renminbi (eCNY or eRMB) to 50,000 residents in Luohu district in Shenzhen. Each resident received 200 eCNY (about US$30) into a digital wallet on their phones. This money could be spent at a range …

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