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China will advance development of digital yuan, says central bank governor

November 10, 2021
Source: anewsa.com anewsa.com
News Snapshot:
|China's official app for digital yuan is seen on a mobile phone in this illustration picture taken on Oct 16, 2020. (Photo by=Reuters/Florence Lo)| [Asia News = Reporter Reakkana] BEIJING: The People's Bank of China governor Yi Gang said on Tuesday (Nov 9) that China will continue to advance the development of its central bank digital currency and improve its design, Reuters reported. China is a front-runner in the global race to launch central bank digital currencies and is testing a digital yuan, or eCNY, in major cities including Shenzhen, Beijing and Shanghai but has not set a timetable for...
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