China Takes A Leap In Development Of CBDC; Shenzhen Rolls Out 10M Digital Yuan Public Giveaway Program

News Snapshot:

0 ADVERTISEMENT China’s interest in the development of the Central Bank Digital Currency [CBDC] is witnessed through the progress the country is making in the same. Fearing China’s global take over with regard to financial technology, other countries have stepped up their game and have been probing the prospects of CBDC. However, the latest news from China suggests that the digital yuan would soon be out and about. Public Giveaway To Endorse The Digital Yuan Not long ago, China revealed that its CBDC the digital yuan was out for testing in various sectors. The Shenzhen city of China seems to...