Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks

Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned BanksFollowing the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will participate in the process. Beijing and Shanghai Residents Can Apply […]

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China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong

China Testing Digital Currency in Major Cities, Including Beijing and Hong KongChina’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said. China Announces Testing of Central Bank-Backed Digital Currency in Major Cities China’s Ministry of […]

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