The People’s Bank of China is leading efforts to develop a digital currency after launching several trials, whereas the Bank of Japan only began its project in April. Photo: Xinhua The People’s Bank of China is leading efforts to develop a digital currency after launching several trials, whereas the Bank of Japan only began its project in April. Photo: Xinhua
The People’s Bank of China is leading efforts to develop a digital currency after launching several trials, whereas the Bank of Japan only began its project in April. Photo: Xinhua

China digital currency: e-yuan launch would be ‘hard to ignore’, ex-top Japanese financial regulator says

  • China began exploring the concept of a sovereign digital currency in 2014 following the success of e-commerce platforms Alibaba, Tencent and Baidu
  • China has already distributed some 200 million yuan (US$31 million) in digital currency as part of pilot projects across the country

Topic |   China digital currency
The People’s Bank of China is leading efforts to develop a digital currency after launching several trials, whereas the Bank of Japan only began its project in April. Photo: Xinhua The People’s Bank of China is leading efforts to develop a digital currency after launching several trials, whereas the Bank of Japan only began its project in April. Photo: Xinhua
The People’s Bank of China is leading efforts to develop a digital currency after launching several trials, whereas the Bank of Japan only began its project in April. Photo: Xinhua
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