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  4. China’s digital yuan deploys at speed, leaving dust in its path
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China’s digital yuan deploys at speed, leaving dust in its path

With each passing day, the list of nations actively exploring the idea of central bank digital currencies (CBDCs) is continuing to grow at a rapid pace. While China’s digital...
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China’s digital yuan deploys at speed, leaving dust in its path China’s digital yuan deploys at speed, leaving dust in its path

With each passing day, the list of nations actively exploring the idea of central bank digital currencies (CBDCs) is continuing to grow at a rapid pace. While China’s digital yuan project may be the one that everyone talks about the most, in recent months, countries like The United Kingdom, Sweden and Japan have forged ahead with their own CBDC research and/or testing.

That said, the digital yuan project is head-and-shoulders ahead of any of its contemporaries at this point, owing to the simple fact that Chinese authorities have already completed many beta-testing rounds of the currency across a number of major regions including Beijing, Chengdu, and Hong Kong’s greater bay area.

A brief overview of the e-CNY project

The proof is in the pudding

China’s crypto policy aims to bolster e-CNY adoption

Where do other countries stand with their CBDC programs?

Continue Reading on Coin Telegraph

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01-05-2024 10:45:17 (UTC+7)

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 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
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