How the digital renminbi is to become a world currency

China wants to be the first major economy to introduce a state-owned digital currency. Companies like Alibaba, Tencent, and JD.com support the introduction. The first tests are already underway. Beijing is pursuing a major goal: The e-CNY is supposed to become the new world currency. But the project still has its limits. An interim solution could pave the way.

Last updated: 24. July 2025