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 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 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

Topic |   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 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 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
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