CryptoSlate
The People’s Bank of China (PBOC) reported a significant growth in the adoption of its central bank digital currency (CBDC), the digital yuan, with 180 million individual wallets opened as of July 31, local media reported on Oct. 11. The CBDC has been used to conduct transactions of over 7.3 trillion yuan ($1 trillion) across […]
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People’s Bank of China reports significant growth in CBDC adoption
Assad Jafri
01:24
The People’s Bank of China (PBOC) reported a significant growth in the adoption of its central bank digital currency (CBDC), the digital yuan, with 180 million individual wallets opened as of July 31, local media reported on Oct. 11. The CBDC has been used to conduct transactions of over 7.3 trillion yuan ($1 trillion) across
