News Snapshot:
In further evidence that China is pushing its CBDC efforts toward retail use cases – and toward the masses who, well, make retail payments – the People’s Bank of China (PBOC) is reportedly seeking to make digital currency available at the 2022 Winter Olympics. Reports in Reuters peg the Olympic focus to pilots in four regions and cities. The geographies were announced by Sun Guofeng, who is head of the monetary policy department at the PBoC. There is no official timeframe for the rollout. But triangulating that information with recent reports that tests of the digital yuan will be limited...
