Logo 25 Apr 2023

Forcing the e-CNY issue

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The digital RMB (e-CNY) continues its ever-so-incremental roll out.
On Sunday, Chinese media reported that under a new pilot, civil servant salaries in the city of Changshu will be paid exclusively in e-CNY.

This is the first pilot of its kind nationwide.

Some context: Several months back, Jiangsu...