China has pioneered development of the central bank digital currency and has trialled its digital yuan across the country. Photo: Xinhua
China’s digital yuan tipped for wider application, while authorities down play privacy fears
- Potential application of the digital yuan could be expanded to the transfer of government funds and as a way of monitoring illegal transactions, researcher says
- Mu Changchun, head of the central bank’s digital currency research institute, says any scrutiny of e-CNY transactions will be ‘strictly in line with laws and regulations’
China has pioneered development of the central bank digital currency and has trialled its digital yuan across the country. Photo: Xinhua
