
Digital yuan transactions growing rapidly, PBoC says

China’s digital yuan transactions reached 1.8 trillion yuan ($250 billion) by the end of June, the People’s Bank of China governor Yi Gang said.
This was 18 times greater than the figure of around 100 billion yuan recorded between the digital yuan’s launch and August 2022. If accurate, the figures mean people used the prototype central bank digital currency (CBDC) for transactions worth 1.7 trillion yuan in the 10 months to June.
The total number of e-CNY transactions had reached 950 million
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com