Three Things To Know About China’s Digital Yuan (Not a Cryptocurrency)

china yuan cryptocurrency

China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC).

Financial Monitoring and Control

Anyone remotely familiar with China knows that electronic payments are already a huge part of the country’s socio-economic fabric. So, why launch a digital currency in a country…

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