DIGITAL CURRENCY EXPERIMENT OF CHINA

Highlights:

• The People’s Bank of China has started its pilot project of testing its homegrown digital currency.
• The test will take place in the cities of Shenzhen, Suzhou, Chengdu, and Xiong’an.
• The test will involve transferring salaries to government workers in the form of Digital currency and tying up with some of the designated merchants to facilitate transactions using t....
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  Tags : Digital currency, PBoC, China, Yuan, testing,

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