Signs indicate where China’s e-yuan can be used at a supermarket in Shenzhen, China. Photo: Bloomberg
China’s e-yuan like ‘a double-edged sword’, and mishandling it carries considerable financial risks
- Increased security and greater internationalisation of the yuan are among the benefits offered by China’s new digital currency
- But analysts caution that widespread adoption must be gradual, as embracing the e-yuan will be ‘an educational process and a cultural shift’
Signs indicate where China’s e-yuan can be used at a supermarket in Shenzhen, China. Photo: Bloomberg