A visitor applying to access the digital Chinese yuan (e-CNY) at the first China International Consumer Products Expo in the Hainan provincial capital of Haikou on May 8, 2021. Photo: Xinhua A visitor applying to access the digital Chinese yuan (e-CNY) at the first China International Consumer Products Expo in the Hainan provincial capital of Haikou on May 8, 2021. Photo: Xinhua
A visitor applying to access the digital Chinese yuan (e-CNY) at the first China International Consumer Products Expo in the Hainan provincial capital of Haikou on May 8, 2021. Photo: Xinhua

Blockchain ambitions: will China get the first-mover advantage with the wide adoption of the digital yuan?

  • China has moved deliberately to secure first-mover advantage in what it believes is the future of the internet
  • If the digital yuan is Beijing’s tender for the digital frontier, its blockchain initiative is its bid to build the railroads

Topic |   China digital currency
A visitor applying to access the digital Chinese yuan (e-CNY) at the first China International Consumer Products Expo in the Hainan provincial capital of Haikou on May 8, 2021. Photo: Xinhua A visitor applying to access the digital Chinese yuan (e-CNY) at the first China International Consumer Products Expo in the Hainan provincial capital of Haikou on May 8, 2021. Photo: Xinhua
A visitor applying to access the digital Chinese yuan (e-CNY) at the first China International Consumer Products Expo in the Hainan provincial capital of Haikou on May 8, 2021. Photo: Xinhua
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