China’s much anticipated Central Bank Digital Currency – the DC/EP – was piloted in April 2020 amid the COVID-19 pandemic. Thus far, mainstream media and analyses have only scratched the surface of the architecture, functionalities and implications of the DC/EP. In our report series, we have taken a deep dive into China’s ambitious project to reveal its potent effects.

In this four-part series, we examine the unique nature of the DC/EP architecture and functionalities, the significant implications of this instrument on the global economy and financial sector, and China’s grander ambitions on blockchain technology.