What China could gain from a digital yuan

Matthew De Silva
What China could gain from a digital yuan

If recent reports are to be believed, China’s central bank is on the brink of launching a digital version of the yuan. According to a Forbes article late last month, the digital edition of the national currency could go live as soon as Nov. 11, coinciding with Singles’ Day, a popular Chinese shopping holiday. “Digital currency” is a broad term, referring to anything from a US dollar on PayPal to a unit of bitcoin.