China’s Fujian Province Has Processed $22bn Worth of Digital Yuan – Are CBDCs Taking Over?
Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace...
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The province was added to the CBDC pilot zone last year. And it broke ground in October when it conducted the nation’s first digital yuan-powered land transfer deal....
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