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Podcast: Middle East Dossier
Episode: China’s Digital Currency Ripple Effects from the Gulf to Singapore
Description: China is at the forefront of the application of digital technologies in the financial sector – in securing benefits, regulating risks and in experimentation.  Private companies Alibaba and Tencent spearheaded the introduction of e-payments within China but are now subject to increasing regulation. At the same time, Beijing has moved to clamp down on cryptocurrencies such as bitcoin mining and trading for reasons of financial stability, control and energy consumption.
In parallel, China has piloted the introduction of its own Central Bank Digital Currency (CBDC), known as the e-RMB, e-CNY or DC/EP (digital currency/electronic payment). This is a...