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China’s digital-yuan transactions reached $5.3 billion, overseas visitors to be granted access to digital yuan – PBOC white paper

Last updated on July 17, 2021

Total digital-yuan transactions in the pilots across China have reached $5.3 billion and overseas visitors will be granted access to the sovereign digital currency without a local bank account during trials at the 2022 Winter Olympics in Beijing, according to a central bank white paper.

“The internationalisation of a currency is a natural result of market selection,” the PBOC said in the white paper.

China has been conservative in managing expectations over the . . .

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