Digital yuan pilots to see expansion
The digital yuan pilot programs in Shenzhen, Guangdong province, Suzhou, Jiangsu province, Xiong'an New Area, Hebei province and Chengdu, Sichuan province will expand gradually into whole areas of the provinces, Fan Yifei, deputy governor of the PBOC, said at an event on Monday.
The central bank will seek continuous innovation in the application scenarios of the digital yuan, Fan said, adding that feasible application modes of the e-CNY have been established in multiple areas including wholesale, retail, catering and tourism.
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