China digital currency: push to ‘prudently advance’, improve design of e-yuan, central bank governor says

Nov 9, 2021 | INVESTING

China will continue to advance the development of its central bank digital currency and improve its design, People’s Bank of China governor Yi Gang said on Tuesday.China is a front-runner in the global race to launch a central bank digital currency (CBDC) and is testing a digital yuan, or eCNY, in major cities including Shenzhen, Beijing and Shanghai, but has not set a timetable for its official roll-out.“Going forward, we will continue to prudently advance [research and development] of the…

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