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Ant Group highlights private sector s role in developing digital yuan Major tech and commerce firms have been instrumental in helping China s central bank develop the digital yuan. 5439 Total views News Major Chinese technology and commerce firms are starting to open up regarding their involvement in developing the digital yuan. Ant Group and Tencent Holdings revealed the extent of their collaboration with the People’s Bank of China in developing the digital yuan at the Digital China Summit, an annual trade fair in the city of Fuzhou in southeastern Fujian province.  According to the South China Morning Post, Ant Group started working with the PBoC on the digital yuan in 2017, years before China officially debuted digital currency pilots in 2020. In June 2019, China’s digital currency institute reportedly used Ant’s mobile app development platform to create its own digital yuan app.

People bankAnt groupTencent holdingsSouth china morning postMajor chineseDigital china summitHuawei technologiesமக்கள் வங்கிஎறும்பு குழுதெற்கு சீனா காலை போஸ்ட்முக்கிய சீனடிஜிட்டல் சீனா உச்சிமாநாடுஹூவாய் தொழில்நுட்பங்கள்