A pilot project was launched in Beijing, Shenzhen and Shanghai with a broader rollout planned for later in 2022. "Select” retail-level users along with other institutions like banks will be the first to have access to the e-CNY app developed by the bank.
Estimated reading time: 0 minutes, 23 seconds
PBOC Kicks Off 2022 with a Bang, Rolls Out Digital Yuan
The People’s Bank of China has formally introduced its digital Yuan and laid out its broader monetary policy to go along with the rollout. So reports Coin Rivet.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 16 2020
-
Written by FinTech News Brief Staff
Representatives from the Reserve Bank of Australia said they are…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 24 2020
-
Written by FinTech News Brief Staff
MicroStrategy Inc. became the first public company to invest “the…
-