News Snapshot:
People’s Bank of China’s deputy governor has said that its central bank digital currency (CBDC) trial now involves 10 million people. Its next major phase will include tests at the Beijing Winter Olympics in 2022. China has about 10 million people in its digital yuan program trial so far. The digital yuan trial has already involved millions of participants in various country regions, but this marks one of the biggest milestones yet. Record use of digital yuan points to a warm welcome from the public. In a press briefing on July 8, Deputy Governor of the People’s Bank of China...
