China digital currency: e-CNY rollouts expand to Hangzhou and Chongqing as Chinese central bank seeks broad support for its push to go cashless

//China digital currency: e-CNY rollouts expand to Hangzhou and Chongqing as Chinese central bank seeks broad support for its push to go cashless

China digital currency: e-CNY rollouts expand to Hangzhou and Chongqing as Chinese central bank seeks broad support for its push to go cashless

China will expand the trial of its sovereign digital currency to a number of Chinese cities including Chongqing, Tianjin, Hangzhou and Guangzhou, as the central bank works on incentives for banks, technology firms and local authorities to take part in its e-CNY. The decision was made at a People’s Bank of China (PBOC) meeting on March 31, according to a statement published by the central bank on Saturday. It is the PBOC’s first-ever symposium on digital currency, where the central bank’s…

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By | 2022-04-02T13:00:32+00:00 April 2nd, 2022|Technology|Comments Off on China digital currency: e-CNY rollouts expand to Hangzhou and Chongqing as Chinese central bank seeks broad support for its push to go cashless