China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

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China’s digital yuan (e-CNY), assoonas a frontrunner in main bank digital currencies (CBDCs), dealswith challenges consistingof corruption scandals and sluggish adoption due to established online payment giants like Alipay and Wechat Pay. The failure of Yao Qian, a leading designer of the e-CNY, over cryptocurrency-related bribery accusations…
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