China’s plans to launch a digital sovereign currency are being driven by Beijing’s ambition to prepare for what may become of the international monetary system in the future. Photo: Shutterstock China’s plans to launch a digital sovereign currency are being driven by Beijing’s ambition to prepare for what may become of the international monetary system in the future. Photo: Shutterstock
China’s plans to launch a digital sovereign currency are being driven by Beijing’s ambition to prepare for what may become of the international monetary system in the future. Photo: Shutterstock

China’s digital sovereign currency tests put it ahead of the global pack in push to adopt digital money

  • People’s Bank of China started studying digital currency in 2014, but the pace picked up last year after Facebook omitted the yuan from a basket of currencies in its Libra project
  • European Central Bank warns of foreign providers taking the lead in digital currencies, while starting to examine the pros and cons of its own unit

Topic |   China economy
China’s plans to launch a digital sovereign currency are being driven by Beijing’s ambition to prepare for what may become of the international monetary system in the future. Photo: Shutterstock China’s plans to launch a digital sovereign currency are being driven by Beijing’s ambition to prepare for what may become of the international monetary system in the future. Photo: Shutterstock
China’s plans to launch a digital sovereign currency are being driven by Beijing’s ambition to prepare for what may become of the international monetary system in the future. Photo: Shutterstock
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