China’s Big Lenders and Fintech Firms to Distribute Virtual Yuan Tokens, which will be Highly Traceable, Potentially Amplifying Government’s Power: Report
Andy Mukherjee argues in a recently published Op-Ed in the Washington Post that the virtual yuan could potentially transform “the relationship between money, economic power, and geopolitical clout.” The digital renminbi has been under development since 2014. Its top-level design was recently finalized and its… Read More
Read more in: Asia, Blockchain & Digital Assets, Fintech | Tagged alipay, cbdcs, central bank digital currencies, china, coronavirus, covid-19, dcep, digital transformation, digital yuan, financial surveillance, fintech lenders, reniminbi, virtual yuan, wechat