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China’s digital currency could be the future of money – but does it threaten global stability?

By Daniel Broby, Director, Centre for Financial Regulation and Innovation, University of Strathclyde
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China is making promising progress with testing its digital yuan currency. It has announced the success of a pilot in Suzhou City, near Shanghai in eastern China, where 181,000 consumers were given ¥55 (£6) of free money in digital wallets to spend at participating outlets in the Double…

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