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China To Begin Major Expansion Of Digital Currency Testing

by CBDC Insider Staff
August 17, 2020
in Asia, Business
Reading Time: 1min read
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China To Begin Major Expansion Of Digital Currency Testing
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China’s Commerce Ministry released new details Friday of a pilot program for the country’s central bank digital currency (CBDC) to be expanded to several metropolitan areas, including Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region.
The Commerce Ministry is currently running pilot tests in four cities: Xiong’an New Area, Shenzhen, Suzhou, and Chengdu. The People’s Bank of China (PBoC), the country’s central bank, is supervising the rollout of the CBDC pilot program on a city by city basis

Continue read: https://www.zerohedge.com/crypto/china-begin-large-expansion-digital-currency-testing

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