• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

China launches pilot testing of digital currency

by CBDC Insider Staff
May 5, 2020
in Asia, Business
Reading Time: 1min read
0
China launches pilot testing of digital currency
Share on FacebookShare on Twitter

As Indian Supreme Court recently upheld RBI’s decision to ban cryptocurrencies, reports have now arrived that China has started testing its government-backed digital currency on a pilot basis. The communist country, thereby, became the first major economy to operate a digital currency.

The trials have reportedly begun in the cities of Shenzhen, Suzhou, Chengdu, as well as in the Xiongan New Area, Hebei province and areas that will host some of the events for the 2022 Beijing Winter Olympics. In last month, China Star Market reported that Suzhou municipal government employees would receive 50% of their May transportation subsidies in PBOC digital currency. 

COntinue reading : https://previewtech.net/china-digital-currency-pilot-basis/

RELATED STORIES

Can CBDC Assist and Support the Growth and Development of the Indian Economy?

Can CBDC Assist and Support the Growth and Development of the Indian Economy?

March 31, 2023
Auto Draft

Citi Says Mass Adoption of Crypto Will Be Driven by CBDCs, Tokenization

March 31, 2023
Previous Post

Canada names new central bank governor to replace Bitcoin skeptic

Next Post

Central Bank of Brazil sends money to face crisis, what now?

Next Post
Central Bank of Brazil sends money to face crisis, what now?

Central Bank of Brazil sends money to face crisis, what now?

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register