A sign indicating digital yuan, also referred to as e-renminbi, is pictured on a vending machine at a subway station in Shanghai on April 21. Photo: Reuters
A sign indicating digital yuan, also referred to as e-renminbi, is pictured on a vending machine at a subway station in Shanghai on April 21. Photo: Reuters

China’s digital currency injects life into IT, bank stocks as Deutsche Bank sees possible pain for cryptocurrencies

  • Banks, infotech service providers to benefit as China expands its experiment with Digital Currency Electronic Payment
  • CBDCs and the revolution in money transfer systems may come at the expense of some private-sector cryptocurrencies, Deutsche Bank says

A sign indicating digital yuan, also referred to as e-renminbi, is pictured on a vending machine at a subway station in Shanghai on April 21. Photo: Reuters
A sign indicating digital yuan, also referred to as e-renminbi, is pictured on a vending machine at a subway station in Shanghai on April 21. Photo: Reuters
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