China’s central bank is inching closer to the launch of its sovereign digital currency. Photo: Reuters China’s central bank is inching closer to the launch of its sovereign digital currency. Photo: Reuters
China’s central bank is inching closer to the launch of its sovereign digital currency. Photo: Reuters

China’s digital yuan aims to halt US ‘dollarisation’, boost retail payments, ex-central bank governor says

  • Former central bank governor Zhou Xiaochuan says China’s digital currency aims to push back against US dollar hegemony and boost retail payments
  • Unlike G7 central banks, China is less concerned with the challenges raised by Libra, bitcoin and other cryptocurrencies, Zhou says

Topic |   China digital currency
China’s central bank is inching closer to the launch of its sovereign digital currency. Photo: Reuters China’s central bank is inching closer to the launch of its sovereign digital currency. Photo: Reuters
China’s central bank is inching closer to the launch of its sovereign digital currency. Photo: Reuters
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