Thursday, December 15, 2022

Why is a low usage of e-CNY in China

China introduced its central bank digital currency (CBDC), also known as e-CNY a few years ago. They implemented it in phases in several cities to test the system.


They launched the e-CNY for tourists in the Beijing Winter Olympics in January 2022.

There was little report of the usage of the e-CNY. I suspect that the usage is quite low.

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