The Digital Source For China's Tech Innovation Since 2000

Search
Close

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...
Go To Original Source →
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

Other Related News:

Russian founder of cryptocurrency exchange arrested in Miami, accused of dealing with dirty money as part of "high-tech axis of crypto crime"

January 19, 2023

Bitzlato crypto exchange founder charged with illegal transfers of $700 million

January 19, 2023

Big Tech braces for dismal profits, more job cuts

January 19, 2023

Microsoft to shed 10,000 jobs, adding to glut of tech layoffs

January 19, 2023

A Drive to Understand National Capabilities in Critical Technologies The New York Times

January 19, 2023

Texas universities ban TikTok

January 19, 2023

Law Firm Investigating Diablo Immortal For False Advertising

January 19, 2023

PREVIEW-Big Tech braces for dismal profits, more job cuts

January 19, 2023

Formula 1 Carbon Footprint Slammed After 2023 Calendar Release

January 19, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter