Beijing’s minting of the world’s first sovereign digital currency has been shrouded in secrecy, but trial roll-outs are planned for some cities. Photo: ShutterstockBeijing’s minting of the world’s first sovereign digital currency has been shrouded in secrecy, but trial roll-outs are planned for some cities. Photo: Shutterstock
Beijing’s minting of the world’s first sovereign digital currency has been shrouded in secrecy, but trial roll-outs are planned for some cities. Photo: Shutterstock

China’s sovereign digital currency plan becomes a hot guessing game amid leaks and expectations

  • Trial use of digital yuan will be limited to four cities – Shenzhen, Suzhou, Xiongan and Chengdu – plus the 2022 Winter Olympics venues
  • The virtual currency could eventually make third-party payment services redundant in country where mobile transactions account for four out of five payments

Topic |   China economy
Beijing’s minting of the world’s first sovereign digital currency has been shrouded in secrecy, but trial roll-outs are planned for some cities. Photo: ShutterstockBeijing’s minting of the world’s first sovereign digital currency has been shrouded in secrecy, but trial roll-outs are planned for some cities. Photo: Shutterstock
Beijing’s minting of the world’s first sovereign digital currency has been shrouded in secrecy, but trial roll-outs are planned for some cities. Photo: Shutterstock
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