Chinas digital RMB – is your business ready?

China's launch of a central bank digital currency (CBDC) has become a question of when and not if. The more important question for businesses is: how do I get ready for a digital RMB? After all, digitising the currency of the world's most populous nation and second largest economy may well be one of the most important changes to the financial system since China invented paper money more than one thousand years ago. In this article, we unpack the key aspects of China's CBDC from an onshore and offshore perspective as it continues to unfold, and provide insight into the…