China Issues $1.5M in Digital Yuan Trial as Lunar New Year Approaches
China Issues $1.5M in Digital Yuan Trial as Lunar New Year Approaches Feb 8 2021 · 12:50 UTC | Updated Feb 8 2021 · 13:00 by Ibukun Ogundare · 3 min read Photo: Unsplash According to Chinese media calculations, the digital yuan trials now total about 110 million yuan. Beijing, China’s capital city, is planning to roll out about 10 million yuan, worth $1.5 million, in another trial of the country’s central bank digital currency (CBDC) during the Lunar New Year holiday. Already, China had conducted two major tests of its digital currency, which is currently under development by the P...