China to Expand Digital Yuan Pilot in Four Major Provinces: News

China plans to expand the test of the use of digital currency across Guangdong, Jiangsu, Hebei and Sichuan following experiment in major cities of the provinces, Shanghai Securities News reports Tuesday, citing Fan Yifei, deputy governor of the People’s Bank of China.

• The pilot programs in Shenzhen, Suzhou, Xiong’an and Chengdu cities will be gradually extended to the whole provinces at an appropriate time: Fan
• China will enhance the control of key technologies used in the financial system
• The country will push for high-quality development of financial infrastructure to serve the growth of digital economy
• Fan also promoted technological ...