Is China e-CNY CBDC effectively competing with WeChat Pay and AliPay

China has become the frontrunner when it comes to the global CBDC race. China’s e-CNY is expected to witness a full-fledged launch by February 2022. However, so far, it has already conducted several large-scale trials in its advanced pilot stage. Earlier reports also suggested that PBoC might set up a digital exchange in Beijing. The […]