China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy
China has been developing its central bank digital currency (CBDC) for some time, recently testing its digital currency electronic payment (DCEP) on retail small-scale transactions. Recently, a Chinese senior central bank official said China should maintain a “normal” monetary policy as the country has been reportedly recovering from the coronavirus pandemic smoothly. Head of monetary … Continue reading China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy