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People Bank’s of China to expand testing of a digital currency

17 august 2020

China’s Commerce Ministry said it would expand a pilot program for its digital currency to include a number of large cities (of the most-developed regions), advancing a pioneering initiative by a major central bank to launch an electronic payment system, according to WSJ.com.

The digital currency pilot program will cover much of China’s most prosperous regions, the Commerce Ministry said Friday: the capital Beijing and nearby Tianjin and Hebei province in the north; the Yangtze River Delta to the south; and, along China’s wealthy southern coast, Guangdong province and the cities of Beijing, Tianjin, Hong Kong and Macau.


When the new trials might start was not disclosed, but the ministry reportedly said the project design is hoped to be wrapped up by the end of this year.

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