• Written by: Aishwarya shashikumar
  • Tue, 14 May 2024
  •   Estonia

China’s ambitious venture into the realm of Central Bank Digital Currency (CBDC) is facing hurdles as reports emerge of hesitancy among participants in the pilot program. The state-backed digital yuan, often referred to as e-CNY, is encountering resistance from users who are reluctant to hold onto it, citing various concerns regarding its utility and privacy. […]

Chinas CBDC Faces Hesitancy Among Users, Privacy Concerns Loom