Business

“China’s Digital Yuan: The Race for Central Bank Digital Currencies (CBDCs) and the Future of Global Finance”

China has emerged as a global leader in CBDC development with the successful launch of the digital Yuan. The People’s Bank of China’s proactive approach, technological advancements, and focus on using blockchain for CBDC implementation have positioned China at the forefront of global CBDC efforts, drawing admiration and criticism in equal measure. 

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