China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock
China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock

China’s central bank urges faster digital yuan roll-out as other countries begin tests

  • People’s Bank of China comments come as other major central banks have made inroads on the development of their own sovereign digital currencies
  • China must also ensure that its ongoing pilot tests show the digital yuan is ‘controllable and safeguards the security of payments’

China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock
China’s central bank is calling for the faster implementation of a nationwide roll-out of its sovereign digital currency. Photo: Shutterstock
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