The Digital Yuan, Where Are We Now? Latest Developments.

The Digital Yuan or DCEP is having and will have tremendous importance, not only for China but globally. For China, because, if successful, the Digital Yuan will become an effective domestic tool not only for facilitating consumers’ retail payments, but also to enhance the yuan as a payments currency in the global financial system.

In this piece, Dr Oriol Caudevilla will focus on summarizing a few relevant ideas on the Digital Yuan as well as the latest news on the topic.