The digital currency electronic payment (DCEP) plan, which the People's Bank of China (PBC) is expected to roll out soon, will showcase to the rest of the world what a genuine digital currency looks ...

The Libra Association said its libra would not be a single currency that was backed by a basket of national currency but would now be a model of numerous individual fiat-pegged currencies. While the ...

China is operating increasingly on a cashless basis. In 2020, cashless transactions amounted to US$49 trillion, accounting for every four out of five payment transactions. The Chinese government has ...

This may be the year we see the world’s first sovereign digital currency. First discussed more than five years ago, China’s DCEP (short for Digital Currency/Electronic Payments) looks to be nearing ...

China’s financial system is changing. The country’s new Digital Currency Electronic Payment (DCEP) – a digital payment and processing network run by the Central Bank of China – and its digital ...

The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China's central bank digital currency.

Listen or watch all the new CoinDesk podcast episodes wherever you want. This week saw the latest salvos in the battle for the future of money. Libra announced that it would be moving away from a ...