China is expanding its digital currency program with a trial at the Hainan Lu Xun Middle School. China launched its Central Bank Digital Currency (CBDC) ahead of the Winter Olympics in Beijing, and is now conducting pilots in several regions throughout the country. The Middle School trial, however, entails much more than digital payments. Chinese administrators are essentially outfitting students with SIM cards that double as payment cards and student IDs. Those SIMs are then placed in the feature phones that students are permitted to keep with them when they go to school. In that regard, students in China are…