Question 1

What is China’s sovereign digital currency?

Accepted Answer

The so-called Digital Currency Electronic Payment (DCEP), could be launched in 2020

Question 2

Which central bank will launch world’s first digital currency?

Accepted Answer

China has made rapid progress while other nations are also at various stages of research and development.

Question 3

Are there data and privacy protection concerns?

Accepted Answer

China’s central bank is trying to allay privacy worries by promising "controllable anonymity".

Question 4

Is the US worried it is falling behind China's digital currency?

Accepted Answer

The Biden administration has finally shown support for research into the viability of a digital US dollar for the first time.

Question 5

What does China’s SWIFT joint venture mean for its digital currency?

Accepted Answer

Finance Gateway Information Service was registered in Beijing last month with €10 million (US$12 million) as incorporation capital.

Question 6

Is China’s digital currency set for launch?

Accepted Answer

People’s Bank of China governor Yi Gang said ‘there’s no timetable for an official launch’ of China's sovereign digital currency.

Question 7

Is China’s digital currency a threat to global monetary systems?

Accepted Answer

Beijing is not seeking to replace existing currencies with its digital yuan, according to former People’s Bank of China governor Zhou Xiaochuan.

Question 8

What did large-scale test by four state-owned banks mean for China's digital currency?

Accepted Answer

China’s big four state-owned commercial banks started large-scale internal testing in August.

Question 9

Have some business owners been reluctant to participate in pilot programmes?

Accepted Answer

Some businesses in Suzhou were reluctant, but were told, "a merchant but cannot decline payment in e-yuan".