News Snapshot:
China begins massive digital Yuan allocation in Chengdu. Chinese Digital Yuan becomes the leading CBDC. Digital Yuan, not a threat to other centralized digital payment platforms according to PBoC. The People’s Bank of China (PBoC) has announced that it will begin the roll out of its digital currency in Chengdu, China. This is coming at the back of a time when the PBoC completed its initial digital Yuan trial in Beijing, Shenzen and Suzhou. While these initial trials led to the allocation of about 110 million Digital Yuan, it is expected that this latest trial on Chengdu, the Sichuan Province’s...
