China’s PBOC Tests CBDC in Hainan; Biden Team Wary

The People’s Bank of China has initiated the highly-anticipated Central Bank Digital Currency (CBDC) pilot trials in the Hainan Province following tests in other regions of the country. The tests will last from April 12 to April 25, 2021. The government officials of Sansha City, along with staff members, enterprises, and permanent residents, will be …

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