E-Chinese yuan: Just another digital currency or a surveillance and control tool?


Backlink: THE BL

China has recently witnessed unprecedented capital outflow including foreign investment and people’s savings. The liquidity crisis is spreading across China, depositors’ protests have become a hot topic despite repression from authorities. At this point, the digital yuan (e-CNY) is probably the Chinese Communist Party’s perfect solution in preventing those customers from withdrawing and controlling capital flight.