The Chinese government is conducting fresh digital yuan tests in six new provinces including Shanghai, Hainan, Changsha, Xi’an, Qingdao, and Dalian. The government has increased the scope of this latest DCEP trial from the previous 50,000 to 500,000 users. The cross border payments capability of the central bank digital currency (CBDC) will also be tested,
China’s Latest Digital Renminbi Trial Targets 500k People Plus Cross Border Payments [btcmanager]
