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China will further expand a pilot scheme of its sovereign digital currency to more cities including Tianjin, Chongqing, Guangzhou, Fuzhou, Xiamen and six cities in the coastal Zhejiang province which is set to host the Asian Games later this year.
The People's Bank of China (PBOC) said it will promote the research and development of the digital currency, dubbed e-CNY, and expand the scope of the pilot scheme, according to a statement. released . . .
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