The Chinese Electronic Yuan, or the e-CNY, is a central bank digital currency (CBDC) sponsored by the People’s Bank of China (PBOC). The e-CNY is identical to the currency of China, the Renminbi (unit being yuan) and is a legal tender in the country. The PBOC has been actively testing the electronic yuan (e-CNY)—with a population of around 21 million participating in the tests as of June 2021. Moreover, China aims to extend the use of digital yuan worldwide and facilitate cross-border payments and tourism.
The concept of ‘adaptability’ was introduced by Charles Darwin in the 19th century when he had stated that it was not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change. Though the theory was propounded in the context of biological evolution of species, the same can apply to organizations and businesses that in order to survive must adapt to the needs of the market and demands of the time.
The IT Rules 2021 seek to address cyber security concerns of the citizens without infringing on their privacy and personal liberties, while maintaining digital sovereignty at the same time.
Cyber-related risks to the energy sector can be minimised by strategic intelligence gathering on potential threat actors, weaving of cyber security strategies into corporate decisions, industry-wide collaboration as well as up-to-date backup systems.
It is critical to reduce the risks associated with cyber-enabled elections by ensuring end-to-end verifiability, protection of voter database, managing risks to the election infrastructure and curbing the menace of disinformation.
The Information Technology (IT) Rules, 2021
The IT Rules 2021 seek to address cyber security concerns of the citizens without infringing on their privacy and personal liberties, while maintaining digital sovereignty at the same time.