China's digital yuan takes shape with new encryption law

Beijing enhances control over tools crucial to developing blockchain

20191230N Yuan

The digital yuan will depend on blockchain technology to prevent fraud, and the continued development of blockchain demands advances in encryption. (Photo by Takaki Kashiwabara)

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- China rolls out new rules governing online encryption Wednesday, paving the way for a digital version of the yuan and taking greater control over cyberspace.

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