Trump may take aim at digital yuan’s overseas expansion, Korean institutions will remain sidelined from crypto, and more: Asia Express 2025
Chinas central bank digital currency was once one of the industrys hottest topics, but 2024 saw a relatively quieter year for the digital yuan.
Still, Winston Ma, an adjunct law professor at New York University and former managing director at Chinas sovereign wealth fund, predicts a strong push for the digital yuans overseas expansion in 2025.
China expanded the digital yuan to Hong Kongs retail sector in 2024, but its efforts were slower and less aggressive than in previous years. This slowdown coincided with the investigation of Yao Qian, the first director of the Peoples Bank of Chinas Digital Currency Institute.
