Mainland China, Hong Kong conduct tests on cross-border use of digital yuan

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China's central bank and the Hong Kong Monetary Authority (HKMA) have cooperated to conduct technical tests on the cross-border use of the digital yuan, a central bank official said on Thursday, a further step in China's wider push of the sovereign digital currency.

The trial was a normal test for the digital yuan and more will be conducted in the future, Wang Xin, director of Research Bureau of the People's Bank of China (PBOC) said at a press conference in Beijing.

According to Wang, at present the digital yuan is mainly . . .

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