China turns up pace on CBDC release, tests infrastructure prior to adoption

[newshunter]

China turns up pace on CBDC release, tests infrastructure prior to adoption

The yuan is not seen as a major currency. Could digitizing it change that? China is breaking new ground in the Shenzhen region and beyond.

Source: China turns up pace on CBDC release, tests infrastructure prior to adoption

Would appreciate your opinion about this

[Giangphuong8489]

China continues to be the leader in the CBDC wave, having prepared both the infrastructure and quickly unified development strategies in many provinces across the country. At the current rate, I think it takes only 1-2 years for them to apply DCEP across the country. Other countries will have an example to follow and learn from experience to avoid mistakes.

[codehash]

They conducted a massive public test. They had a successful result. Compared to the rest of the world, it could be considered a far ahead enterprise. The Chinese central government continues its search for digital money seriously.