The Central Bank of China has released a white paper on the ...

The Central Bank of China has released a white paper on the development progress of China's digital yuan. At present, R&D tests have basically completed top-level design, functional research and development, system debugging, etc., and are following the principles of steadiness, safety, controllability, innovation, and practicality, and some representative regions have been selected to carry out pilot tests.Central Bank of ChinaThe digital renminbi research and development pilot project will continue to be steadily promoted in accordance with the national “14th Five-Year Plan” plan, and there will be no pre-set launch schedule.
As of June 30, 2021, the number of digital yuan pilot scenarios has exceeded 1.32 million, covering the fields of living expenses, catering services, transportation, shopping and consumption, and government services. More than 20.87 million personal wallets and 3.51 million public wallets have been opened, and the cumulative number of transactions is over 70.75 million, amounting to about 34.5 billion yuan.
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