China digital currency: e-CNY rollouts expand to Hangzhou and Chongqing as Chinese central bank seeks broad support for its push to go cashless

Source: Tech – South China Morning PostChina will expand the trial of its sovereign digital currency to a number of Chinese cities including Chongqing, Tianjin, Hangzhou and Guangzhou, as the central bank works on incentives for banks, technology firms and local authorities to take part in its e-CNY. The decision was made at a People’s Bank of China (PBOC) meeting on March 31, according to a statement published by the central bank on Saturday. It is the PBOC’s first-ever symposium on digital currency, where the central bank’s…Read More

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