China Keen to Realise Ambitions for Digital Currency Amid Slow Uptake

China keen to realise ambitions for digital currency amid slow uptake

Despite record transactions last year, most users prefer alternatives – while Beijing likely to maintain gradual expansion, analysts say.

What to Watch as China Prepares Its Digital Yuan for Prime Time

This article was originally published in the Atlantic Council and is republished here with the permission of the author. For years, the prevailing assumption among policymakers and market observers was that central bank digital currencies… Source

China takes gradual approach to digital yuan upgrade and expansion

More than a month after China’s central bank upgraded the digital yuan from a cash equivalent to “digital deposit money” – allowing it to accrue interest like a bank deposit – many residents and merchants in Beijing have yet to notice a major difference. While signs accepting digital yuan – also…