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New Paper Calls For the Creation of a China-Africa Digital Currency Trading Hub

With cryptocurrencies becoming more popular around the world, China is now moving quickly to establish its own digital currency as a global standard, particularly in emerging markets like Africa where the mobile payment sector is booming.

Early on, Beijing outlawed the use of Bitcoin and various other international cryptocurrencies that guaranteed full anonymity to its users. Instead, China developed its own digital currency known as DCEP (short for Digital Currency/Electronic Payments) or the Digital Chinese Yuan (DCNY) that provides a sort-of backdoor to allow the government to monitor transactions.

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The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.