4/2, 1:49 PM (Source: TeleTrader)
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PBOC launches digital yuan trial in more cities

People's Bank of China (PBoC), the Asian country's central lender, announced in a statement on Saturday that it will expand its trial of digital yuan in more cities.

The locations include the cities of Tianjin, Chongqing, Guangzhou, and six cities in the Zhejiang province, the bank said.

According to the PBoC's data, the digital yuan transactions in the country amounted to more than $11 billion in 2021.

Baha Breaking News (BBN) / BU