Digital Yuan Progress Leaves the West in the Dust

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Reading Time: 2 minutes China’s development of their digital yuan has continued in recent weeks, leaving western nations floundering The digital yuan will soon be accepted on Beijing’s subway and rail systems, and soon Chengdu’s transport system Western countries should be worried about the threat from the digital yuan, according to some China’s sovereign digital currency has pulled away from the competition in recent days, showcasing the desire for China to take the lead on Central Bank Digital Currencies (CBDCs) and leaving western nations floundering. The digital yuan, which debuted in October last year, is now accepted on certain Chinese public transport facilities following
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