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The former head of the People’s Bank of China announced that the soon to be launched Digital Yuan will be able to replace cash if certain key conditions are met.

On May 5, the former Bank of China president Li Lihui took to a live broadcast to address his thoughts on the upcoming digital yuan. Firstly, the launch for the Digital Currency/Electronic Payment (DC/EP) is imminent and the potential for it to eventually replace physical renminbi (RMB) is high once critical mass is achieved in Chinese citizens adopting the use of DC/EP as their main medium of currency.

A former President of Bank of China says the digital yuan will be able to eventually replace cash if four key conditions are met.

No central bank is currently working on a CBDC that can be used by consumers, according to blockchain firm R3.

Traditional finances could be dramatically changed in the near future, and central bank-issued digital currency is the first step.

An Italian town has created their own currency to support local businesses in the Coronavirus lockdown.

Stablecoins and central bank digital currencies have the potential to replace, or at least dramatically improve, bank accounts as they are today.

Hong Kong-based AI startup SenseTime partnered with PBoC’s digital currency research unit to continue the development of the digital yuan.

In a recent panel, SEC Commissioner Hester Peirce AKA CryptoMom opened up about the prospect of a digital dollar as well as the end of her term, coming in June.

Facebook-backed consortium still has more than 3 billion customers in its sights

BIS Innovation Hub head asserted the decline of cash use amid the pandemic has renewed the pertinence of bank-issued digital currencies.

China has long been expected to become the first nation to launch a Central Bank Digital Currency (CBDC). Periodically, reports have popped up regarding the development of the digital currency and today we have another glimmer on the progress driven by the People's Bank of

Mcdonalds has been named along with coffee giant Starbucks as one of the 19 restaurants that will be first to try out China’s Digital Yuan in the new district of Xiong’An.

While everyone expects the People's Bank of China to launch a limited trial of its Central Bank Digital Currency (CBDC) or Digital Currency Electronic Payment (DCEP) as it is called in the country questions have frequently emerged as to how the government will utilize the

Reserve banks must look into issuing digital versions of cash in order to prevent "privatization" of money: report.