China’s Ministry of Commerce has announced that pilot testing of a central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) is to be expanded to cover the country’s major commercial regions and cities including Beijing, Shanghai, Hong Kong and Macau.
PBoC, China’s central bank, announced in April 2020 that it was to conduct closed pilot tests of the digital currency in Shenzhen, Suzhou, Xiong’an New District, Chengdu, and at Beijing 2022 Winter Olympics locations.
Continue read: https://www.nfcw.com/2020/08/18/367423/china-to-expand-central-bank-digital-currency-pilot-to-beijing-shanghai-and-hong-kong/
