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Former PBOC Official Says Digital Yuan Not Developed to Monitor Transactions

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Hardware wallet for Digital Yuan Launched in Xiongan

Hardware wallet for Digital Yuan Launched in XionganA former official of the People’s Bank of China (PBOC) argued that contrary to opinions about China’s central bank digital currency (CBDC), the digital yuan was not developed for monitoring purposes.  Digital Yuan Not For Tracking Citizens’ Payments  According to Bloomberg on May 30, Yao Qian, the former director of the PBOC’s Digital Currency Institute

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