Ananya Kumar on China’s digital currency

China’s digital yuan is a form of central bank digital currency (CBDC) which many other central banks around the world are also working on. Chinese authorities are now stepping up their ambition to expand the use of e-CNY after a trial at this year’s Winter Olympic in Beijing.

Chris Cash is joined by Ananya Kumar, Assistant Director of Digital Currencies at the Atlantic Council’s GeoEconomics Center, to discuss the growth trajectory of the digital yuan and its domestic and geopolitical implications.

Will Chinese citizens buy into the digital yuan? What impact will its roll out have on financial stability in China? How will a digital currency aid China’s internationalisation of the RMB and reduce dependence on dollar-denominated transactions?

You can read Ananya's paper on the digital yuan, or e-CNY, here.

The Atlantic Council has also released a newly-updated Central Bank Digital Currency tracker.