China’s central bank digital currency pilot program will be expanded to major cities including the capital Beijing.China’s Ministry of Commerce said yesterday that it will test digital currency in Beijing, neighboring Tianjin and Hebei, as well as in the Changjiang Delta, and in the Taiwan District of Yuegangao, which connects major cities in Hong Kong, Macau and Guangdong Province.
The central bank, People’s Bank, is planning to introduce a policy to guarantee the pilot operation of digital currency.
There are 28 full-scale demonstration areas including Beijing, Tianjin, Shanghai, Chongqing, Shenzhen, Guangzhou and Chengdu.
China is the first major economy to test the central bank’s official digital currency in the real world.
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