Press "Enter" to skip to content

CHECK THE WIRE 24/7 FOR REAL-TIME UPDATES

Six state banks start promoting digital yuan wallets, PBOC official stresses privacy protection in the digital currency

Six largest state-owned commercial banks in China have started accepting public applications to open trial on digital-yuan wallets, part of a move to pave the way for the digital currency's nationwide rollout.

According to a report by China's state-run China Securities News on Tuesday, the testing process of the digital yuan, also known as the Digital Currency Electronic Payment (DCEP), is accelerating and the six largest state-owned commercial banks have started . . .

To continue reading, please subscribe. You will get:

 

  • ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES 
  • THE WIRE 24/7

  Real-time experience -  Up-to-the-minute updates of market-moving news and views.

  All-in-one platform - Information collected via a network of journalists, traders, brokers,       analysts, etc. and from multiple credible news outlets in mainland China.

  Details - General information is everywhere, but information with details is rare.

  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

 

Already have an account? Sign In

 

 

Top