Month: September 2020

Four Ways in which China is Ahead in its CBDC Experiment

In the global race between countries to design and pilot Central Bank Digital Currencies (CBDCs), China stands ahead of most.  China’s CBDC, coined the Digital Currency/Electronic Payment (DC/EP), was designed as a digital alternative to fiat money and is pegged to the Chinese yuan (CNY) at 1:1 ratio. The People’s Bank of China (PBoC) introduced …

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Understanding CBDCs

Central Banking Digital Currencies (CBDCs) are receiving increasing attention, initiating debate and innovation by both public and private sectors worldwide. While it falls under the broader category of digital currency, CBDCs are a complex innovation. This post will dissect the fundamental aspects of CBDCs, including its stipulations, types of CBDCs, challenges in issuing CBDCs, and …

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