China is leading the world in moving towards adopting a central bank digital currency, and more cities across the country have pilot tests planned for 2021. Photo: Reuters
China’s digital currency: Beijing, Shanghai and Guangdong commit to new digital yuan trials in 2021
- Political leaders in Beijing, Shanghai and Guangdong province are pledging new pilot tests for the country’s digital currency this year
- Many central banks are exploring their own digital currencies, but China is the closest to making its own a reality as authorities push financial development
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Digital currencies
China is leading the world in moving towards adopting a central bank digital currency, and more cities across the country have pilot tests planned for 2021. Photo: Reuters