China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals - News Club Updates

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Tuesday, September 10, 2024

China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals



China's Digital Yuan Hits $1 Trillion in Transactions, PBOC Official RevealsChina’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese central bank digital currency (CBDC) have been conducted in 17 different areas, accumulating a total transaction value of […]

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