China’s Central Bank Adds More Digital Yuan Pilot Cities – Altcoins Bitcoin News

China’s central financial institution, the Folks’s Bank of China, has added extra cities to check its digital foreign money. In keeping with the newest official knowledge, the digital yuan has greater than 261 million customers.

PBOC Adds More Cities to Check Its CBDC

The Chinese language central financial institution, the Folks’s Bank of China (PBOC), stated Saturday that it’s including extra pilot cities to check its central financial institution digital foreign money (CBDC), the digital yuan (e-CNY).

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The brand new pilot cities are Tianjin, Chongqing, Guangzhou, Fuzhou, Xiamen, and 6 cities within the Zhejiang province that can host the 2022 Asian Video games in September. The six cities are Hangzhou, Ningbo, Wenzhou, Shaoxing, Jinhua, and Huzhou.

The digital yuan is already being examined in 10 main cities: Shenzhen, Shanghai, Suzhou, Xiong’an, Chengdu, Hainan, Changsha, Xi’an, Qingdao, and Dalian. It was additionally examined on the Winter Olympics in Beijing.

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