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Chinese local government employees to receive central bank digital currency in May – report

by CBDC Insider Staff
April 18, 2020
in Asia, Business
Reading Time: 1min read
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Chinese local government employees to receive central bank digital currency in May – report
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China’s national digital currency (DCEP) will be issued to local government employees in the city of Suzhou in May, a local news outlet reported on Thursday.
Citing an official document, China Star Market said that Suzhou municipal government employees would receive 50% of their May transportation subsidies in DCEP. The digital currency will be issued to them by four state-owned banks, including the Agricultural Bank of China, the Industrial and Commercial Bank of China, the Bank of China, and the China Construction Bank.

Continue read: https://finance.yahoo.com/news/chinese-local-government-employees-receive-054506809.html

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