https://www.weforum.org/agenda/2021/09/china-digital-yuan-app-ecny/
After almost seven years of research into digital currencies, China is finally fast-tracking the broader rollout of its e-currency. By mid-July, China's digital yuan trial reached a staggering 34.5 billion yuan ($5.3 billion) in transactions with 21 million individuals using the virtual wallet, Bloomberg reported.

https://www.hoover.org/research/digital-currencies-us-china-and-world-crossroads
This multidisciplinary report explores the economic and sociopolitical motives for China's central bank digital currency and its implications for privacy, international security, and the leading role of the United States in global finance. Among the key findings: The US government should advocate for democratic norms of privacy, accountability, transparency, and security in shaping the

https://www.wired.com/story/chinas-digital-yuan-ecny-works-just-like-cash-surveillance/
At the same time, China's world-beating digital yuan has got off to a slow start. The People's Bank of China reported that its official eCNY app had 261 million users at the end of 2021, and

https://www.technologyreview.com/2023/08/03/1077181/whats-next-for-chinas-digital-currency/
While Alibaba and Tencent launched their digital payment systems in 2004 and 2005 respectively, China began researching digital currency technology in 2014 and launched a research institute

https://www.cnbc.com/2021/03/05/chinas-digital-yuan-what-is-it-and-how-does-it-work.html
The digital yuan would be a way to speed that process up. It will be legal tender in China and no interest will be paid on it. "The use of cash is decreasing. Eventually cash will be replaced by

https://www.bbc.com/news/business-54261382
It's really a digital version of China's official currency, the yuan, and Mr Guo feels DCEP will become the dominant global currency. "One day everyone in the world will be using DCEP," he says

https://law.stanford.edu/2021/04/06/background-and-implications-of-chinas-central-bank-digital-currency-e-cny/
Jiaying Jiang is a Hauser Global Fellow (New York University School of Law), and Karman Lucero is a Fellow at the Paul Tsai China Center (Yale Law School).. A Central Bank Digital Currency (CBDC) is a digital liability issued and guaranteed by a sovereign central bank that operates in a digital infrastructure with potentially more affordances than previous kinds of currency, such as electronic

https://time.com/6084146/china-digital-rmb-currency/
More than 20.8 million people are currently using a digital RMB wallet in China, the PBOC says, and they have made over 70.7 million transactions totaling 34.5 billion RMB ($5.3 billion). The

https://www.caixinglobal.com/2021-03-22/chinas-central-bank-digital-currency-will-offer-greatest-privacy-protection-official-says-101678661.html
So far, several cities, including Beijing, Shenzhen, Chengdu, and Suzhou, have used the digital currency to provide millions of yuan of coupons (link in Chinese) to local residents since October as part of ongoing pilot programs. Read more . In Depth: China's Digital Currency Ambitions Lead the World

https://www.reuters.com/technology/95-billion-spent-using-chinese-central-banks-digital-currency-official-2021-11-03/
Some 140 million people had opened "wallets" for China's new digital yuan as of October and used it for transactions totalling around 62 billion yuan ($9.7 billion), a senior Chinese central bank

https://carnegieendowment.org/2021/07/01/what-will-be-impact-of-china-s-state-sponsored-digital-currency-pub-84868
In April 2020, electronic Chinese yuan (e-CNY) pilot programs launched in four cities. The digital currency's debut was the culmination of a six-year journey that began when China's central bank, the People's Bank of China (PBOC), announced its research into a "Digital Currency/Electronic Payment" system in 2014.

https://www.ft.com/content/fec06de9-ac43-4ab8-81f3-577638bd3c16
In the first quarter of 2020, Alipay had 55.4 per cent of China's mobile payment market, according to Beijing-based iResearch, which estimates mobile payments will reach Rmb140tn ($19.9tn) this

https://www.economist.com/the-world-ahead/2022/11/18/china-is-rapidly-rolling-out-its-new-digital-currency
T HE BUZZ around the e-CNY, China's central-bank digital currency, has been loud. The country's policymakers have been credited with leading a revolution in state-backed digital money starting

https://www.reuters.com/markets/currencies/chinas-digital-yuan-stands-out-cross-border-pilot-show-global-ambition-2022-10-27/
China's digital currency, or e-CNY, was the most issued, and actively transacted token in the $22 million pilot that used CBDCs to settle cross-border trades, a Bank of International Settlement

https://www.cnbc.com/2022/01/11/china-digital-yuan-pboc-to-expand-e-cny-use-but-challenges-remain.html
The People's Bank of China (PBOC), the country's central bank, has been working on the digital form of its sovereign currency since 2014. Also known as the e-CNY, it's designed to replace

https://www.nbcnews.com/tech/tech-news/china-digital-currency-people-are-starting-use-rcna4435
By Reuters. Some 140 million people had opened "wallets" for China's new digital yuan as of October and used it for transactions totaling around 62 billion yuan ($9.7 billion), a senior

https://digichina.stanford.edu/work/lets-start-with-what-chinas-digital-currency-is-not/
Second, the e-CNY is not a cryptocurrency. As Eli MacKinnon and Mikk Raud explain, the e-CNY is separate and distinct from the Blockchain-based Service Network (区块链服务网络), China's ambitious project to create a state-backed distributed ledger infrastructure—even if the two projects might work together in the future.

https://www.fpri.org/article/2023/06/china-is-doubling-down-on-its-digital-currency/
China's digital yuan is a central bank digital currency (CBDC) issued by the People's Bank of China (PBOC) and valued the same as the standard renminbi (RMB). It is a legal tender since it is a digitized version of physical RMB. As FPRI Fellow Bob Murray has explained, CBDC transactions are "faster, cheaper, and theoretically more secure

https://www.forbes.com/sites/franklavin/2021/08/01/chinas-digital-currency-strategy/
First, a digital yuan offers better data for the PBOC—China's central bank—and other government bodies. The more the digital currency is used, the more the government has instant awareness

https://www.cnn.com/2022/02/04/perspectives/china-digital-yuan-cryptocurrency-bitcoin/index.html
The rise of CBDCs highlights the importance of decentralized cryptocurrencies that are relatively private and not controlled by any government. While China's digital currency is an impressive

https://www.theverge.com/2022/1/4/22866757/china-digital-currency-yuan-iphone-android-apps
The new e-CNY app is available on both China's Android and Apple app stores, but only people in 10 specific cities, including Beijing, Shenzen, Chengdu, and Shanghai, can use it. And as pointed

https://www.abc.net.au/news/2021-04-24/china-new-cryptocurrency-digital-currency-electronic-payment/100086780
A Wall Street Journal article has suggested China's central bank could add an expiration date to digital money to encourage users to spend it quickly during times of economic stress. DC/EP could

https://www.china-briefing.com/news/china-launches-digital-yuan-app-what-you-need-to-know/
In May 2021 it was also announced that the e-CNY would be integrated into Alibaba's services ecosystem. This allows users of Alibaba's food delivery app ele.me, grocery delivery app Hema Fresh, and e-commerce platforms Taobao and Tmall to pay for orders using the e-CNY - even though the digital currency is a direct competitor to Alibaba's payment platform, Alipay.