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Crypto on Identity: China begins Phase 2 of digital yuan roll-out

Crypto on Identity: China begins Phase 2 of digital yuan roll-out – AMBCrypto

China is beginning what could be the second phase of the roll-out for the digital yuan. With capital controls being ‘piloted’ in three main provinces of the country, the second step towards digitization and the eventual introduction of the anticipated digital yuan could be issuing a digitized version of national identity cards.