China to Pilot Digital Yuan With Four Banks in Two Cities – Report

Shenzhen. China’s central bank, the People’s Bank of China (PBoC) is preparing to test the digital yuan in Suzhou and Shenzhen, with a pilot launch now “imminent,” per a new report.
Media outlet Caijing Magazine says it has learned details about the pilot project, which it says is being jointly led by the PBoC, as well as the so-called Chinese “big four”  Read more »
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