China to expand central bank digital currency pilot to Beijing, Shanghai and Hong Kong

China’s Ministry of Commerce has announced that pilot testing of a central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) is to be expanded to cover the country’s major commercial regions and cities including Beijing, Shanghai, Hong Kong and Macau. PBoC, China’s central bank, announced in April 2020 that it was […]

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