$1.5 billion worth of digital yuan transacted in Beijing last year
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Residents in Beijing recorded 9.6 billion yuan (US$1.5 billion) worth of digital yuan transactions in 2021, after several rounds of coupon-driven promotions, according to state media, citing official…
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China’s central bank digital currency now has 261 million unique users, according to an official of the central bank, the People’s Bank of China (PBOC). Furthermore, transactions worth 87.5 billion... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to…
The People’s Bank of China (PBOC), the Chinese central bank, has revealed how its central bank digital currency (CBDC) is being used at the Beijing Winter Olympics. A top PBOC official says, “It... [[ This is a content summary only. Visit my website for full links, other content, and more!…
Over a year and a half since the start of pilot tests of its central bank digital currency (CBDC), China has the chance to give its digital yuan an international debut at the Beijing Winter Olympics.... [[ This is a content summary only. Visit my website for full links, other…