People’s Bank of China reports 360 million digitalyuan transactions by end of August.
Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the end of August, the country’s monetary authority revealed. More than 5 million merchants now accept the digital yuan in 15 Chinese regions as Beijing continues to expand the pilot areas.Transactions with China’s central bank digital currency exceeded 100 billion yuan in value as of Aug.
The data has been released as financial authorities in the world’s most populous nation proceed with the digital yuan roll-out and constantly the coverage of its trials. The CBDC has been introduced in 15 provinces and municipalities, with 5.6 million merchants now accepting the digital version of the Chinese yuan.
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