Logo 15 Oct 2024

Wholesale support for state-backed digital currency

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The central bank (PBoC) has a lofty new goal for the e-CNY. 

That’s our takeaway from an article by Mu Changchun, head of the PBoC’s digital currency institute, published on Friday.

ICYDK: Officially launched in 2022, the e-CNY is China's state-backed digital currency.

It was initially designed ...