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China Overhauls Digital Yuan With Interest-Bearing e-CNY
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China Overhauls Digital Yuan With Interest-Bearing e-CNY
6th October 2026 By Anjali Kochhar China has fundamentally overhauled the structural architecture of its Central Bank Digital Currency (CBDC), shifting the digital yuan (e-CNY) from a simple digital cash equivalent (M0) to an interest-bearing “digital deposit money” framework (M1). The radical policy pivot positions the e-CNY as a global outlier in sovereign digital currencies. […]
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