News Snapshot:
China’s Commerce Ministry announced plans on Friday to expand the pilot program for its sovereign digital currency to include several large cities across the country. The pilot program will be broadened to cover much of China’s most prosperous regions, such as the capital Beijing and nearby Tianjin municipality and Hebei province in the north; the Yangtze Delta to the south; and along China’s wealthy southern coast, and in Guangdong province and the neighboring cities of Hong Kong and Macau. Cities in the country’s poorer central and western regions that meet certain requirements will also roll out trials of the digital...
