Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season.
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Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season.
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Hainan’s market regulator wants to promote NFTs as part of the digital economy, but will actively work to weed out bad actors and speculative behavior.
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China’s central bank digital currency (CBDC) has seen new use cases in recent days, including buying securities and making offline payments.
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A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”
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