$1.3M in Chinese Digital Yuan Were Spent In The Largest DCEP Test Run in Shenzhen Province


Source: bitcoinexchangeguide.com bitcoinexchangeguide.com

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China is on the verge of completing trials and pilot programs for its national digital currency for the Yuan, which they are calling DCEP. The CBDC, which has been under development for over half a decade, is currently being put to the test through various government subsidies and as a form of payment in selected provinces in the country. During the ongoing pilot run, the Shenzhen province has emerged as the largest spender of the digital yuan. As per a published report in South China Morning Post, over 47,000 consumers in Luohu district of Shenzhen province spent a total of...