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Tag: virtual yuan

Bitcoin and Other Digital Assets Now Being Considered Investments but Not Medium-of-Exchange by Chinese Policymakers

China’s virtual yuan has been in development for the past 7 years (since 2014). Recently, Chinese officials had noted that Bitcoin (BTC) was...

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Cuy Sheffield, the Head of Crypto at Visa, Argues that Central Bank Digital Currencies Could be One of the Most Important Developments in the...

Cuy Sheffield, the head of Crypto at Visa, says that central bank digital currencies (CBDC) could potentially prove to be one of most...

China’s digital currency could challenge Bitcoin and even the dollar

People in China are no strangers to digital payments—if anything, it’s easier to move around and shop in Shanghai or Beijing with an...

China’s Big Lenders and Fintech Firms to Distribute Virtual Yuan Tokens, which will be Highly Traceable, Potentially Amplifying Government’s Power: Report

Andy Mukherjee argues in a recently published Op-Ed in the Washington Post that the virtual yuan could potentially transform “the relationship between money,...

Digital Yuan Can Replace Cash and Allow Anonymous Transactions

Li Lihui, the previous leader of the Bank of China, guarantees that the country’s exceptionally foreseen virtual yuan will dispatch soon. Lihui has...

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