BEIJING The year was 2014 when China’s banking sector shook hands on a private banking license deal with the country’s Big Tech giants like Alibaba and Tencent among others. This is when digital payments system including Alipay and WeChat, was born. But little did we know about a digital currency from the People’s Bank of China (PBoC) that started its trajectory in the same year. Also known as the Central Bank Digital Currency (CBDC), it’s now tipped to be the next digital currency revolution, possibly ushering in the digital payments 2.0 in China . But why is this important for...