Tag: Digital Yuan

China's central bank digital currency, known as the digital yuan, is facing challenges in achieving widespread user adoption. Charles Chang, director of the Fintech Research Centre at Fudan University in Shanghai, stated in an interview with the South China Morning Post that consumer hesitancy and competition from platforms like Alipay ...

China is increasing the scope of applications for its Central Bank Digital Currency (CBDC), the digital yuan, or e-CNY, as part of its Belt and Road initiative and cross-border trading efforts. The digital yuan, also known as the digital RMB, was among the first CBDCs to be developed and extensively ...