Reading time: ~2 m The adoption of the digital yuan in China is gaining momentum at an impressive pace, and the number of wallet owners has grown exponentially to 261 million. The popularity of the digital yuan is growing rapidly According to Chinese media reports, the use of the digital yuan of the Central Bank of China (CBDC) has grown over the past 12 months by an impressive 1,800%. This trend was especially intensified during the shopping festival "618" – the Chinese analogue of "Black Friday". According to the Central Bank of China, by the end of 2021, the volume…