Understanding the e-yuan initiative | Business Standard Column

There is merit in carefully examining the recent developments in China’s sovereign digital currency space and participating in it if India’s interests are served

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digital currency | People’s Bank of China | Yuan

China launched its digital currency, the e-yuan, at the Beijing Winter Olympics in February this year, after running a series of pilot projects in major cities. The e-yuan operates through digital wallets, much like the Chinese digital payment platforms of Alipay and WeChat, but it is issued and managed by the People’s Bank of China (PBOC), the central…