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

China’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due to entrenched online payment giants like Alipay and Wechat...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption
China’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due to entrenched online payment giants like Alipay and Wechat Pay. The downfall of Yao Qian, a leading architect of the e-CNY, over cryptocurrency-related bribery allegations, has intensified scrutiny of its rollout. While cumulative […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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