China’s Digital Yuan Blurs the Lines Between CBDCs and Crypto
Central Bank Digital Currencies (CBDCs) are rapidly gaining prominence in discussions around the future of money. The many dimensions of debate, whether policy, economic or financial, whittle down ultimately to design choices.
China’s digital yuan, or DC/EP, is not just important from the perspective of geopolitics and its implications for the current underpinnings of the global financial system. What is arguably as significant is the technical design of this system – the first production-scale retail CBDC system in the world.
The blockchain engineers, economists, financial sector and policy experts at Policy 4.0 has spent some months reverse engineering and studying the implications of this system. Tanvi Ratna, founder and CEO of Policy 4.0, has shared the results.
