Digital Yuan launched: towards the end of cash in China?

DCEP also facilitates the battle against money laundering, tax evasion, corruption and financing of terrorism activities. The government can use big data to identify suspicious transactions and control illegal transfers that hinder the country's economic growth.

TechnologySilkpay France20 May 2020e-yuan, Digital Currency, Virtual currency, DCEP, central bank China, China, Alipay, WeChat Pay, Yuan, Chinese government, E-wallets, Commercial banks, End of cash, cashless society, Cash