China Digital Currency

China Digital Currency

China will expand the trial of its sovereign digital currency to a number of Chinese cities as the central bank works on incentives for banks, technology firms and local authorities to take part in its e-CNY. China’s e-CNY experiment, which generally involved giving cash reward to consumers to spur usage and asking merchants to accept e-CNY payments, have demonstrated the initial feasibility of the digital sovereign currency.

 

China Digital Currency

China Digital Currency

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China Digital Currency