According to an official from the People’s Bank of China (PBOC), the People’s Bank of China digital currency (CBDC), or digital renminbi, has been used in transactions worth nearly 10 billion U.S. dollars. In addition, government digital wallets have been downloaded by approximately 140 million people. The adoption rate of digital renminbi has risen, and the transaction volume is close to 10 billion U.S. dollars Mu Changchun, director of the Digital Currency Research Institute of the People’s Bank of China, shared the progress of the adoption of the digital renminbi at the Hong Kong Fintech Week Conference on Wednesday. He…