China: CBDC Trial Focused on Retail Transactions


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Starbucks McDonalds could trial Chinas central bank digital currency Report says 350x209 1

China’s central bank has stated that the trial of its developing central bank digital currency (CBDC) is currently limited to retail transactions, as against claims stating that the digital yuan was used for large transactions.  Digital Yuan Test for Small Transactions In a report by Global Times on Monday (August 24, 2020), the People’s Bank

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