China will expand the trial of its sovereign digital currency to a number of Chinese cities including Chongqing, Tianjin, Hangzhou and Guangzhou, as the central bank works on incentives for banks, technology firms and local authorities to take part in its e-CNY. The decision was made at a People’s Bank of China (PBOC) meeting on March 31, according to a statement published by the central bank on Saturday. It is the PBOC’s first-ever symposium on digital currency, where the central bank’s…
Source: SCMP
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China rolls out e-CNY in Hangzhou, Chongqing in push to go cashless
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