Beijing's ambitious digital renminbi plans

The Chinese government is working at full speed on the "money of the future" – the digital renminbi. They do not want to leave the field to commercial payment providers and want to retain access to valuable data on payment flows. The US central bank, the Fed, has seen a little rush to introduce an e-currency so far. The ECB, on the other hand, wants to decide on the e-euro this summer but still has some problems.

Last updated: 24. July 2025