China's digital currency will be distributed using a two-tiered system to help get it into consumers' hands

Apr 11 2021 by Business Insider

 
Chinese digital currency.

Reuters

China has become the first major economy to roll out a digital currency. The e-yuan will bypass the global financial system. Economists, however, warn it could endanger the US dollar long-term. See more stories on Insider's business page.

The People's Republic of China (PBOC) introduced its first blockchain-powered digital currency controlled by its central bank, The Wall Street Journal first reported. The project took seven years to complete since work...

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