Government-Backed Cryptocurrency: The Digital Yuan Case
Cryptocurrencies have rapidly gained popularity worldwide, challenging traditional financial systems. However, the concept of government-backed cryptocurrencies, often known as Central Bank Digital Currencies (CBDCs), has emerged as a counterbalance. This article explores the Digital Yuan, China’s official digital currency, as a case study in government-backed cryptocurrencies, shedding light on its development, motivations, technology, regulations, social […]