China’s Shanghai and Suzhou Ready Fresh CBDC Adoption Drive
The Chinese cities of Shanghai and Suzhou are eyeing more digital yuan adoption progress as the nation tries to drive up interest in its CBDC. The central People’s Bank of China (PBoC) recently claimed that almost $250 b...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The central People’s Bank of China (PBoC) recently claimed that almost $250 billion worth of CBDC transactions had been processed in the nation to date.
But some have noted that this still just accounts for a small fraction of the Chinese economy....
Read More: China’s Shanghai and Suzhou Ready Fresh CBDC Adoption Drive
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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