China's Digital Yuan Hits $250 Billion Transaction Volume, Central Bank Governor Reports
The People’s Bank of China (PBoC) revealed that $250 billion worth of transactions have taken place using the country’s central bank-backed digital currency (CBDC) digital yuan in 18 months since the start of its pilot....
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Speaking at a conference in Singapore, China’s central bank governor Yi Gang said that the central bank has transacted 1.8 trillion yuan as of the end of June....
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