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Winter Olympics spotlight Beijing’s digital yuan: Will China’s CBDC plans push others to move faster?
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Central bank digital currencies will get some international limelight over the next couple of weeks as China plans to test its digital yuan at the Beijing Winter Olympics.
The e-CNY has been in a public pilot for nearly two years, available to residents in 10 cities including Shanghai, Shenzhen and Xi’an. Nearly $14bn of transactions have been made using the digital currency, according to a People’s Bank of China official.
The...
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