Nhân dân tệ kỹ thuật số sẽ được tỉnh Hải Nam thử nghiệm
The CBDC pilot launch is moving to southern China. There will be another cryptocurrency test, launched with the support of local banks and regional authorities
The essence of the new test is to allocate 99 yuan (equivalent to $15) to the population of Sansha (equivalent to $15) for purchases at local restaurants, hotels and supermarkets on Yongxing Island.
Recall that at the moment CBDC has already been tested in such large settlements as Beijing, Shenzhen, Suzhou, Hong Kong, and Shanghai.
It is estimated that the full launch of the digital yuan will take place in 2022. The regional banks of Shanghai and Beijing are already creating Wishlist.