Chinese central bank is inching toward formally introducing a digital currency of its own after five years of research, which would make China one of the first major economies to make the move.
“People’s Bank digital currency can now be said to be ready,” said Mu Changchun, deputy director of the payment and settlement division of the People's Bank of China (PBOC) at an event held by China . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out!
What you'll get:
- Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
- Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
Not ready for the full service? Subscribe to our Free Weekly Newsletter first.
Already have an account? Sign In