A tourist pays with e-CNY at the Happy Valley theme park in Beijing on June 16. China’s CBDC is the most widely used in the world. Photo: Xinhua
A tourist pays with e-CNY at the Happy Valley theme park in Beijing on June 16. China’s CBDC is the most widely used in the world. Photo: Xinhua
Georges Elhedery
Opinion

Opinion

Georges Elhedery

As cryptocurrency risks spread, central bank digital currencies are set for their moment in the sun

  • Unlike the hugely volatile and risky private digital coins, digital currencies issued by central banks can protect privacy, promote stability and make cross-border transactions more efficient

A tourist pays with e-CNY at the Happy Valley theme park in Beijing on June 16. China’s CBDC is the most widely used in the world. Photo: Xinhua
A tourist pays with e-CNY at the Happy Valley theme park in Beijing on June 16. China’s CBDC is the most widely used in the world. Photo: Xinhua
READ FULL ARTICLE