New tech, old hurdles: Why digital yuan won’t dethrone the dollar

New tech, old hurdles: Why digital yuan won’t dethrone the dollar

At this year’s Lujiazui Forum, China’s central bank governor Pan Gongsheng announced bold new steps to promote the digital yuan, China’s central bank-issued digital currency. The governor pitched the e-CNY as a pillar of a “multipolar” global monetary system, while pledging to open an international operation center for the digital unit in Shanghai. With real-time […] The post New tech, old hurdles: Why digital yuan won’t dethrone the dollar appe…