Logo 17 Jan 2023

Cash is the limit

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On Sunday, in an article to Chinese media, former Bank of China executive Wang Yongli said there's a "big problem" with the design of the e-CNY (digital RMB). 
Time to get technical: e-CNY is treated by the central bank (PBoC) the same as physical cash and coins (a.k.a. “M0”) in terms of its account...