News Snapshot:
By JD Alois The People’s Bank of China (PBoC) and the Hong Kong Monetary Authority (HKMA) have begun testing its central bank digital currency (CBDC) or digital yuan for cross-border transfers, according to a report in SCMP. The report quotes Wang Xin , Head of Research at the PBoC, who apparently gave a media briefing on the digital yuan. China has been testing a digital iteration of its currency for some time now. Reports have filtered in that it is being tested in mainland China – this most recent report focuses on cross-border transactions of the digital yuan. Xin is...
