The People’s Bank of China is reportedly aiming to release the e-yuan before the start of the Winter Olympics in 2022. Photo: EPA-EFE The People’s Bank of China is reportedly aiming to release the e-yuan before the start of the Winter Olympics in 2022. Photo: EPA-EFE
The People’s Bank of China is reportedly aiming to release the e-yuan before the start of the Winter Olympics in 2022. Photo: EPA-EFE

Coronavirus highlights ‘urgent’ need for China’s digital currency, says state-owned bank

  • China’s e-yuan will allow closer scrutiny of risky investments and help ensure repayment of debt, says Guo Weimin, chief scientist at the Bank of China
  • In next phase of development, digital currency will be expanded to cross-border transactions using Hong Kong as a conduit, say experts

Topic |   China digital currency
The People’s Bank of China is reportedly aiming to release the e-yuan before the start of the Winter Olympics in 2022. Photo: EPA-EFE The People’s Bank of China is reportedly aiming to release the e-yuan before the start of the Winter Olympics in 2022. Photo: EPA-EFE
The People’s Bank of China is reportedly aiming to release the e-yuan before the start of the Winter Olympics in 2022. Photo: EPA-EFE
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