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China to Expand Digital Yuan Pilot Program In More Cities: News

CHINA PRESS
MNI (Singapore)

China will soon unveil the third batch of digital yuan pilot cities, likely to include Fuzhou, Xiamen, and Hangzhou cities, the Shanghai Securities News reported. The pace of opening personal digital yuan wallets has far exceeded expectations, jumping to 20.87 million from 26.1 billion in H2 2021, and the figure will significantly increase following the promotion in Winter Olympics, the newspaper said citing analysts. The pilot program is expected to expand to more cities, with fourth and fifth batch of pilot cities likely to follow, the newspaper cited analysts as saying.

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