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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

China Vows Privacy, Information Protection in Using Digital Yuan

A sign indicating digital yuan, also referred to as e-CNY, is pictured at a shopping mall in Shanghai, China May 5, 2021. REUTERS/Aly SongREUTERS

China will fully respect privacy and protect personal information in using the digital yuan, state media quoted a senior central bank official as saying on Sunday, as Beijing encourages greater adoption of e-CNY.

Limited anonymity is a key feature of the digital yuan, Mu Changchun, director-general of the central bank's Digital Currency Research Institute said, noting it ensures reasonable anonymous transactions.

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