News Snapshot:
Thank you! You have successfully joined our subscriber list. The aim behind the initiative is to allow the citizens to spend the digital yuan. According to Liao Qun, chief economist at China Citic Bank International, the program will spur consumption in Luohu district. Besides, it will stimulate using CBDC in consumers’ everyday lives. Chine is progressing in the development of its central bank digital currency (CBDC), or digital yuan. Earlier, China revealed that the currency was out for testing in various sectors. Last week, one of the country’s fastest-growing city Shenzhen announced a public giveaway program that includes the distribution...
