Cryptocurrency

China’s e-CNY CBDC to Now be Tested in 4 Major, Densely Populated Provinces

China’s e-CNY CBDC to Now be Tested in 4 Major, Densely Populated Provinces

The trial of China’s digital Yuan is expanding to the provinces of Jiangsu, Hebei, Guangdong, and Sichuan. Fan Yifei, the deputy governor of the People’s Bank of China (PBOC) has revealed recently that the e-CNY trial is now being expanded to more populated areas of the country. China’s central bank has been working on its CBDC for the last two years now.

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