China and the eurozone, the UK and the global heads of the IMF, the US and Sri Lanka, Bahamas and Uganda, even crisis-embattled Zimbabwe – everyone is creating digital currencies.  China has been running a small local pilot in digital currencies over the last two years, having studied the development of a centrally controlled digital renminbi since 2014. As of late March 2021, residents of Beijing and Shanghai can apply for a digital wallet through six state-owned banks. The government is planning to deploy digital renminbi at scale for the 2022 Winter Olympics. These plans are being credited as the…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .