The People’s Republic of China is one step away from introducing the digital yuan as a tool to boost and control its economy. Beijing is actively testing the e-CNY: an electronic version of its national currency. While Western countries are scratching their heads trying to expose China’s underlying goals for the digital yuan, the PRC has been actively sharing its progress on the implementation of the new system. The 2022 Olympic Games in Beijing are envisaged as a milestone event for the wide scale launch of the currency.
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