The number of individuals and corporates with digital yuan wallets in China reached 140 million and 10 million respectively at the end of October 2021, according to Mu Changchun, the head of PBoC Digital Currency Institute. Commonly known as E-CYN, the digital yuan generated 62 billion yuan ($9.7 billion) from a total of 150 million processed trial transactions, Changchun further revealed during the Hong Kong Fintech Week conference on Wednesday. Active wallets and total transactions increased by 525% and 86% respectively from 24 million wallets and 34.5 billion yuan by the end of June 2021. At the same conference last...