China’s digital yuan is one of the most advanced CBDC initiatives in the world. Photo: Kyodo China’s digital yuan is one of the most advanced CBDC initiatives in the world. Photo: Kyodo
China’s digital yuan is one of the most advanced CBDC initiatives in the world. Photo: Kyodo

China digital currency: could Beijing’s advanced e-yuan replace smaller Asian currencies?

  • Financial authorities are weighing threats to monetary sovereignty as the race to launch a central bank digital currency (CBDC) heats up
  • The Bank of International Settlement says there is potential for a major CBDC, like the digital yuan, to replace smaller currencies

Topic |   China digital currency
China’s digital yuan is one of the most advanced CBDC initiatives in the world. Photo: Kyodo China’s digital yuan is one of the most advanced CBDC initiatives in the world. Photo: Kyodo
China’s digital yuan is one of the most advanced CBDC initiatives in the world. Photo: Kyodo
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