China to Include Beijing, Hong Kong in Digital Yuan Pilot

The move to expand the digital yuan pilot to major cities including Shanghai, Beijing, Guangzhou and Hong Kong brings coverage to a potential user base of around 400 million. Chinaࢀ™s Ministry of Commerce has announced that it will expand the ongoing testing of the digital yuan to top cities as it moves closer to officially launching the countryࢀ™s sovereign digital currency. The testing of the digital yuan will be extended to cities including those in the northern Chinese region of Beijing-Tianjin-Hebei, eastern region of Yangtze River Delta, the ࢀœGreater Bay Areaࢀ around the Pearl River Delta, and some cities in…