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CBDC Digital Yuan Deployment To Massively Impact Cross-Border Policy Regulators' Decisionsby@hughharsono
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CBDC Digital Yuan Deployment To Massively Impact Cross-Border Policy Regulators' Decisions

by Hugh Harsono4mJanuary 8th, 2022
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However, despite having a track record of development over the past several years, the digital yuan is facing a variety of challenges, chief among them demonstrating the e-CNY's international capabilities for use. In August 2021, People China published a report that highlighted the digital yuan's role in internationalizing the RMB, with the report highlighting the potential of the e-CNY being used in cross-border transactions to "build an international settlement network for mobile payments." Given this knowledge, what is next for the e-CNY, and how can other governments respond to increasing digital yuan usage both domestically and internationally?

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Hugh writes about cyberspace, digital currencies, economics, foreign affairs, and technology.

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Hugh Harsono@hughharsono
Hugh writes about cyberspace, digital currencies, economics, foreign affairs, and technology.

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