PBOC says will not set timetable for digital yuan rollout

PBOC issues white paper on research development of digital yuan

• Says will steadily push forward with digital yuan pilot

China is arguably the frontrunner among major economies in rolling out a central bank digital currency, hence why their crackdown on cryptocurrencies in general have been rather strong and forceful.

I would expect that if a digital yuan is generally well received, expect other major central banks to quicken the pace of their own rollout as well.

And that would mean tighter regulation for so-called 'stablecoins'.