#Yuan

Over the past two weeks, in cities such as Chengdu and Shenzhen, Chinese authorities have launched a new digital yuan and called for faster token promotion across the country. The People's Bank of China (PBoC) has distributed the RMB digital currency through the lottery to numerous retailers such as local pharmacies, supermarkets and even Walmart.

The People's Bank of China's policy is aimed at competing with private companies in the field of digital payments, as well as defeating the global dominance of the US dollar in the markets

The chief trader of the Genesis Block company Charles Yang believes, the digital yuan will face a pretty tough competition with Tether in the Asian market

The world's largest fast-food restaurants, McDonald’s and Starbucks, are among the 19 that will take active participation in testing China's national digital currency (DCEP)