Divyanka ShuklaKnowledge Contributor
Which country recently launched its first-ever digital currency
Which country recently launched its first-ever digital currency
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China launched its digital currency electronic payment (DCEP) initiative, commonly known as the digital yuan or e-CNY. The digital yuan is issued and controlled by the People’s Bank of China (PBOC) and is aimed at providing a digital alternative to cash in circulation.
Since policies and developments can change rapidly, it’s advisable to check for the latest updates to confirm if any new countries have launched their own digital currencies since then.