Digital Renminbi News
Get the latest Digital Renminbi News. Stay updated on China's digital currency developments and the impact of the digital Renminbi on the global economy.
The Digital Renminbi, also known as Digital Currency Electronic Payment (DCEP), is China's central bank digital currency (CBDC). It represents a digital form of the Chinese yuan, aiming to modernise the country's financial system, enhance payment efficiency, and reduce transaction costs.
The Digital Renminbi is gradually being integrated into everyday transactions, transforming how people make payments and manage their finances in China.