China Is Approaching the Release of Digital Yuan by Expanding its Trials

News Snapshot:

Bitcoin Ethereum News Aug 16, 2020 at 11:09 // News As the idea of issuing the Central Bank Digital Currency (CBDC) is gaining traction worldwide, China makes practical steps to make their digital yuan release closer. Now, the country is going to expand its trials to test the CBDC potential on a larger scale. CoinIdol, a world blockchain news outlet, has reported the start of the first digital yuan trials back in spring 2020. Initially, it covered four locations across the country: the cities of Chengdu, Suzhou, Shenzhen, and Xiong’An. It included major commercial banks of the country as well...