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31 July 2021

What Are the Risks and Benefits Brought On by China’s e-Yuan?

What Are the Risks and Benefits Brought On by China’s e-Yuan?


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The rollout of the digital Yuan will undoubtedly be viewed as an educational process for other countries with ambitions to launch their own Central Bank Digital Currencies (CBDCs).

The new digital currency has been touted as a cultural shift that will allow for the internalization of the Yuan and bring increased security to the Chinese monetary system.

Huang Yiping, the director of digital finance at China’s Peking University, believes that the digital Yuan can be a “double-edged sword” that could lead to a financial crisis if mishandled.

The central bank has even suggested that the e-yuan could be used byvisiting athletesduring the Winter Olympics in 2022

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