News Snapshot:
BOAO, China — China is trying to make it possible for foreign athletes and visitors to use its digital currency during the Beijing Winter Olympics in 2022, a top central bank official said on Sunday. It could be the first test for China’s digital currency with international users. Li Bo, deputy governor of the People’s Bank of China (PBOC), also said the aim of the digital yuan or e-CNY (electronic Chinese yuan) is not to replace the U.S. dollar’s dominance on the international stage. For the upcoming Beijing Winter Olympics, we were trying to make e-CNY available not only to...
