News Snapshot:
China To Begin Major Expansion Of Digital Currency Testing Published by on August 15, 2020 China To Begin Major Expansion Of Digital Currency Testing Tyler Durden Sat, 08/15/2020 – 21:30 China's Commerce Ministry released new details Friday of a pilot program for the country's central bank digital currency (CBDC) to be expanded to several metropolitan areas, including Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region. The Commerce Ministry is currently running pilot tests in four cities: Xiong'an New Area, Shenzhen, Suzhou, and Chengdu. Major state banks have also been administering large scale tests of digital wallets...
