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China to roll out next phase of digital yuan testing

March 9, 2022
Source: nfcw.com nfcw.com
News Snapshot:
China is to launch trials of its central bank digital currency (CBDC) in more cities and regions across the country after rolling out a pilot version of the digital yuan wallet app in January and trialling the CBDC during the Beijing Winter Olympics . Cities and regions applying for permission to begin testing the digital yuan include Henan, Jujian and Heilongjiang provinces and the cities of Guangzhou, Chongqing, Fuzhou and Xiamen, according to a Reuters report . “An official at People’s Bank of China said that the e-CNY was used for 2m yuan (US$317,000) in daily transactions at the Olympics...
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Tags: app | bank | Bank of China | Beijing | China | Chongqing | Congress | crypto | currency | digital | E-CNY | fintech | Fuzhou | Guangdong | Guangzhou | Heilongjiang | Henan | Olympics | registration | Renminbi | report | Reuters | sports | testing | Yuan

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