https://patomak.com/wp-content/uploads/2022/12/PGP-Header-Logo-Stacked.png 0 0 Robert Greene https://patomak.com/wp-content/uploads/2022/12/PGP-Header-Logo-Stacked.png Robert Greene2021-07-08 15:13:082023-01-26 21:45:47What Will Be the Impact of China’s State-Sponsored Digital Currency?
What Will Be the Impact of China’s State-Sponsored Digital Currency?Patomak Post Strategy & Advisory
In April 2020, electronic Chinese yuan (e-CNY) pilot programs launched in four cities. The digital currency’s debut was the culmination of a six-year journey that began when China’s central bank, the People’s Bank of China (PBOC), announced its research into a “Digital Currency/Electronic Payment” system in 2014. Today, although many critical details of the payment system remain opaque or undecided, e-CNY pilots are rapidly accelerating in scope and size.