China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock
China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock

China’s central bank urges faster digital yuan roll-out as other countries begin tests

  • People’s Bank of China comments come as other major central banks have made inroads on the development of their own sovereign digital currencies
  • China must also ensure that its ongoing pilot tests show the digital yuan is ‘controllable and safeguards the security of payments’

Topic |   China economy
China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock
China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock
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