Central bank digital currency launch is getting closer

China is piloting a central bank digital currency, pressuring the Fed to accelerate its work on issuing a digital dollar

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In this article

  • China's CBDC efforts
  • China's CBDC pilot
  • US digital currency efforts
  • Challenges
  • Outlook

What is this?

This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.