China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

China’s integer yuan (e-CNY), erstwhile a frontrunner successful cardinal slope integer currencies (CBDCs), faces challenges including corruption scandals and dilatory adoption owed to entrenched online outgo giants similar Alipay and Wechat Pay. The downfall of Yao Qian, a starring designer of the e-CNY, implicit cryptocurrency-related bribery allegations, has intensified scrutiny of its rollout. While cumulative […]