After almost a dozen hugely successful trials held across the country, China has decided to run another digital yuan pilot program—this time in Beijing. According to the latest report from BlockBeats, the Beijing Local Financial Supervision and Administration Bureau announced on June 2...
China is working towards achieving an indigenous digital currency that is backed and controlled by the state. The Chinese government’s activities so far towards achieving this goal has earned it a leadership role among the several nations that are pursuing similar objectives. As a matter of fac...
The digital yuan pilot project initiated by Shenzhen’s municipal government has got off to a great start. According to the latest report, a total of 1,193,800 individuals in Shenzhen have applied for the “Luohu Digital RMB Red Packet,” a rewards program initiated by the Shenzhen gover...
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