China's Digital Currency Electronic Payment (DC/EP) will benefit the general public, the director of the Center for Blockchain Finance and Law from the China University of Political Science and Law has said. Professor Hu Jiye said on Monday that the DC/EP would spur gre...
The long-anticipated digital yuan will be piloted in more cities across the country, announced China’s commerce ministry on Friday August 14. The pilot cities announced this time are no longer limited to several heavyweight cities previously reported but with a large number of places incl...
The design concept and technologies behind the development and testing of the Digital Currency Electronic Payment (DC/EP) platform pioneered by the People’s Bank of China (PBoC) are worth studying by the Bank of Japan (BoJ) as the Japanese central bank, like several others, e...
Firms that are timely prepared for the rollout of China’s digital currency electronic payment (DC/EP) project stand to benefit in about five ways from the effect it will have on the global economy, two authors have shared on the London School of Economic Business Review blog page. Jem...
The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Faceb...
Didi Chuxing, China’s largest and world's second-largest taxi hailing service provider, has partnered with the country’s central bank to jointly study and explore the application of digital yuan in the field of smart travel. The ride-hailing juggernaut announced July 8 that the company ha...
China's digital currency is slowly gathering momentum. But DCEP is not blockchain based, it's centralized, with a 'loosely coupled' twist. While 80% of the world's central banks are exploring digital currency, China has been on this particular journey for a good six years. In 2014, Xia...
The article is originally published on Belfer Center for Science and International Affairs of Harvard Kennedy School by Aditi Kumar. While much of the world is consumed by the COVID-19 crisis, the Chinese government is quietly unleashing a financial innovation that will reshape ...
Central banks are looking at creating their own digital currencies as a countermeasure to the rise of cryptocurrencies issued by the private sectors. Days ago on February 20, Sweden’s central bank Riksbank said it had begun testing an e-krona and the pilot will run until February 2021; las...
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