The Digital Yuan And Its Disruptive Potential
The Digital Yuan And Its Disruptive Potential
Mar 12, 2021
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How is China getting an edge on the Dollar with the Digital Yuan?
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China's digital yuan faces a few challenges despite state backing, expert explains
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China’s central bank rolls out upgraded digital yuan framework China’s central bank introduced new rules governing the digital yuan, positioning it closer to deposit-based money. From January 1, digital yuan balances now earn interest, making it one of the world’s first interest-bearing central bank digital currencies. | CGTN Africa
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Thousands of workers at China’s state-owned enterprises are being paid their wages in the digital yuan – a digital currency which is issued by China’s central bank to help combat fraud. But critics say it will increase surveillance on citizens. | ABC News
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