China's central bank to expand deployment of e-CNY

by Aurelia Butler 13 July 2022, 23:20 109 Views

In its latest data update, Chinese consumers have spent a cumulative 264 million transactions amounting to 83 billion CNY ($12.35 billion) as of May 31. More than 4,567,000 merchants across the country have begun accepting the CBDC. For the next steps, Zou says the PBoC plans to further increase the number of e-CNY test sites and enhance its technological capabilities.

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China's central bank to expand deployment of e-CNY

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