Chinese Digital Yuan Spending on the Rise Despite COVID-19-induced Slump Digital yuan usage has grown x18 in the past 12 months in China – as the central bank-issued token continues to find new users. According to the central People’s Bank of China, transaction volumes reached the USD 13 billion mark at the end of last year, with a total of 261 million personal wallets now open in pilot zones. The media outlet JRJ reported that JD.com, China’s answer to Amazon, also reported that customers used digital CNY wallets to pay for around USD 60 million worth of goods and services...