China is among the largest nations in the world, that is experimenting extensively with its CBDC initiative. In a fresh development, China’s Changshu city has reportedly decided to compensate all civil servants within its jurisdiction in the form of the e-CNY CBDC. This marks the first time that the Chinese…
China’s digital currency called e-CNY is gradually being allowed to make inroads into the fintech sector of the world’s most populated country. Now that the testing of e-CNY has percolated inside major cities, the governor of China’s central bank has revealed some key aspects that were considered while designing the…
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