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China accelerates push for digital yuan following Shenzhen trial

China accelerates push for digital yuan following Shenzhen trial

BEIJING/TOKYO — From real-life trials to a proposed legal change, China has ramped up preparations for issuing a new digital currency ahead of the world’s other big economies. The People’s Bank of China will be testing the digital yuan in 28 cities, including major metropolitan areas such as Beijing, Tianjin, Shanghai, Guangzhou and Chongqing, and is working on new features like easy transfers and better security.








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