- The Digital Currency Research Institute of the People”s Bank of China (PBC), China”s central bank, said that the research and development work of China’s official digital currency, dubbed as DC/EP, is proceeding steadily, and the internal pilot tests are carried out in four cities and will be carried out in scenarios of the 2022 Winter Olympics Games in Beijing.
- The Agricultural Bank of China, one of the country’s big four state-owned banks, has tested the DC/EP (digital currency/electronic payment) in four cities in an app launched.
Source: China begins testing of digital currency
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