Fan Yifei reports on the progress of China’s central bank digital currency. Photo: Simon Song
Fan Yifei reports on the progress of China’s central bank digital currency. Photo: Simon Song
China digital currency
Business /  Banking & Finance

People’s Bank of China’s digital currency already used for pilot transactions worth 1.1 billion yuan

  • Central bank is developing its own e-yuan as it seeks to hasten the transformation of China’s economy
  • Digital currency being used for transactions ranging from bill payments to government services in pilot tests

Chad BrayAlison Tudor-Ackroyd
Chad Bray and Alison Tudor-Ackroyd

Updated: 5:21am, 6 Oct, 2020

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Fan Yifei reports on the progress of China’s central bank digital currency. Photo: Simon Song
Fan Yifei reports on the progress of China’s central bank digital currency. Photo: Simon Song
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