The development and implications of the digital yuan

Plans to introduce a digital yuan (e-CNY) in China are not only an economic intervention, but driven by political and regulatory motives. Chinese regulators have made it clear they want to limit the growth and reach of the two largest cashless payment platforms – Ant Group’s Alipay and Tencent’s WeChat Pay. Ant’s record $37 billion … Continue reading The development and implications of the digital yuan