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China, Hong Kong begin testing digital yuan as Beijing ramps up research into cross-border use

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[unable to retrieve full-text content]China will expand cross-border use of its sovereign digital yuan “when the time is ripe”, with technical testing already under way with Hong Kong, the country’s central bank has said.China is a world leader in the development of a central bank digital currency (CBDC), with 200 million yuan (US.4 million) already distributed in pilot projects across the country, including in cities like Shenzhen, Suzhou and Beijing. Although China’s sovereign digital currency, the so-called Digital Currency…

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[unable to retrieve full-text content]
China will expand cross-border use of its sovereign digital yuan “when the time is ripe”, with technical testing already under way with Hong Kong, the country’s central bank has said.China is a world leader in the development of a central bank digital currency (CBDC), with 200 million yuan (US$30.4 million) already distributed in pilot projects across the country, including in cities like Shenzhen, Suzhou and Beijing. Although China’s sovereign digital currency, the so-called Digital Currency…

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