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Letzte Aktualisierung: November 23, 2021

Central bank chief Yi reveals details on e-yuan

China continues to expand the usage of its digital central bank currency. With the state-owned e-yuan, Beijing wants to curb the financial power of private companies like Alipay. In the long term, it wants to push the internationalization of the yuan. Central bank chief Yi Gang now revealed the first details of these goals.
Frank Sieren
Frank Sieren
China's central bank digital currency has reached new milestones on its way to being adopted in everyday life. Yi Gang, Governor of the People's Bank of China (PBoC), went into details of the launch for the first time at an online conference marking the 30th anniversary of the Bank of Finland Institute for Emerging Economics last week. The central bank chief revealed current figures and bluntly revealed the project's most important goal: The leadership wants to further contain the power of Internet corporations.
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