1. Prospects for the Launch of the Digital Yuan
- Author:
- Oskar Szydłowski
- Publication Date:
- 02-2022
- Content Type:
- Special Report
- Institution:
- The Polish Institute of International Affairs
- Abstract:
- Among the digital currency projects developed by major economies, the Chinese digital yuan (e-CNY) is the most advanced. After pilot projects in selected Chinese regions, the biggest test was to be at the Winter Olympics in Beijing. The spread of the digital yuan will enable the Chinese Communist Party (CCP) to expand its digital authoritarianism through increased surveillance of citizens’ finances. It may also increase the Chinese currency’s share of international transactions in the region. The success of the e-CNY should accelerate the ECB’s work on a privacy-preserving digital euro.
- Topic:
- Authoritarianism, Surveillance, Digital Currency, and Yuan
- Political Geography:
- China, Europe, and Asia