The proposed overhaul of the financial sector will consolidate oversight of financial institutions under a new state administration.
WeChat Pay has integrated the digital yuan app, driving the adoption of the CBDC among its 1 billion users.
China’s digital yuan - also known as e-CNY or digital RMB - is bound to be available in 23 cities,
China completed the development of CBDC's basic function and is drafting laws to pave the way for its circulation.
The hottest crypto news, straight to your inbox!
Get a daily dose of crypto stories in a quick read with a tongue-in-cheek twist! Suitable for everyone, from crypto newbs to battle-tested veterans.
You can easily unsubscribe at any time. Spoiler Alert: You won’t want to!