Digital Yuan Will Support Smart Contracts: Chinese Central Bank

In brief – The Chinese central bank said its evolving digital yuan can be programmed with smart contracts. – It will also respect anonymity... as long as laws permit it. The Chinese central bank's digital yuan will have "smart contract programmability." But the bank said its new currency, which is controlled by the central bank, is nothing like smart contract-enabled cryptocurrencies like Ethereum. The digital yuan is the People's Bank of China's central bank digital currency (CBDC)—a digital version of a fiat currency. It's the world's largest CBDC project, and is currently being piloted. In a progress report published today,…