• 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 Central Bank Official Reveals Results of First Digital Yuan Pilots

by CBDC Insider Staff
October 7, 2020
in Asia, Business
Reading Time: 1min read
0
China Central Bank Official Reveals Results of First Digital Yuan Pilots
Share on FacebookShare on Twitter

RELATED STORIES

Despite India’s Silence on Crypto, Reliance Retail Will Accept CBDC in Mumbai

Despite India’s Silence on Crypto, Reliance Retail Will Accept CBDC in Mumbai

February 3, 2023
Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

February 3, 2023

An official for China’s central bank has unveiled usage statistics of state-backed digital currency trials that were conducted in three Chinese cities.
Speaking virtually at the Sibos 2020 conference on Monday, Fan Yifei, deputy governor of the People’s Bank of China, said the bank opened 113,300 consumer digital wallets and 8,859 corporate digital wallets for residents of Shenzhen, Suzhou and Xiong’an to pilot a digital yuan.
The digital wallets processed RMB 1.1 billion ($162 million) across 3.1 million digital yuan transactions between April and August when the pilots launched and ended, Fan said, making it the most widely used central bank digital currency (CBDC) in a commercial setting.

Continue read: https://www.coindesk.com/china-central-bank-official-reveals-results-of-first-digital-yuan-pilots

Previous Post

Digital currencies of central banks could end the dollar, says report

Next Post

Kansas City Fed Chief: No current plans for central bank to adopt digital currencies

Next Post
Kansas City Fed Chief: No current plans for central bank to adopt digital currencies

Kansas City Fed Chief: No current plans for central bank to adopt digital currencies

© 2022 CBDC Insider

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