News Snapshot:
A staffer displays the digital yuan application scenarios to visitors in the World Intelligence Congress in Tianjin in May. Photo: cnsphoto As China rolls out tests of its sovereign digital currency in multiple cities step by step with the total transaction value reaching $5.3 billion, the country’s central bank has no timetable to issue digital yuan, a white paper by the People’s Bank of China said on Friday. The announcement came as many countries have been ramping up efforts on the research and plans to issue their own sovereign digital currencies as well as a robust growth and increasing popularity...
