China’s digital currency could be the future of money – but does it threaten global stability?
- Written by Daniel Broby, Director, Centre for Financial Regulation and Innovation, University of Strathclyde
The Ys and wherefores. AnaKins27China is making promising progress with testing its digital yuan currency. It has announced the success of a pilot in Suzhou City, near Shanghai in eastern China, where 181,000 consumers were given ¥55 (£6) of free money in digital wallets to spend at participating outlets in the Double Fifth shopping...