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Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021

Beijing, Shanghai to Join Wider Testing of Digital Yuan in 2021

China’s biggest cities are planning to hold pilots to promote the use of the country’s central bank digital currency (CBDC) this year. According to a report form Chinese state media outlet Global Times on Sunday, Beijing’s mayor said the capital will hasten development of “demonstration zones” for fintech and professional services over 2021.








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