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China tests the attractiveness of the digital yuan for foreigners

January 13, 2022
Source: cvbj.biz cvbj.biz
News Snapshot:
Key facts: Athletes and foreign visitors will have access to the application or physical card to use e-CNY. Foreign currencies can also be converted into e-CNY through ATMs. China’s government will for the first time allow foreign nationals to use its central bank digital currency (CBDC), known as the digital yuan, or e-CNY. Athletes and visitors present in Beijing for the 2022 Winter Olympics will be able to use the currency before the event begins, Bloomberg reported on Tuesday, January 11. According to the information, the People’s Bank of China (BPC) seeks to test how receptive foreigners are to adopting...
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