Ren America Has Reached More Than 5 Billion Usd Worth Of Trading

The efforts to develop the yuan of China have promoted the cash racing between central banks across the globe ... 0:00 / 2: 16 Southern regional paid by yuan at one Supermarket in Shenzhen, China - Photo: Bloomberg. The digital yuan test of China has reached the trading value of 34

.5 billion yuan, equivalent to 5.3 billion USD. This initial result shows that China's central bank (PBOC) continues to lead in the central bank development race in the world
Bloomberg news led a white book announced on July 16 PBOC said across China, more than 20.8 million individuals opened virtual wallet to store the number of yuan and so far have more than 70.7 million transactions made in this currency. PBOC said it will continue to test and develop a cash system, but has not given a specific timeline for formal deployment. According to white books, PBOC has basically completed research and development About the design and features of digital yuan. In the coming time, PBOC will "expand the scope and scripts of the test". Military development of Chinese yuan has promoted the cash racing between the above central banks Global. After China, there have been many other countries to consider developing their own digital currency. Also, the number of yuan also raises concern that China can challenge the status of the dollar As the world reserve currency, whether the Chinese official said the yuan number will be mainly used for domestic retail transactions. China began testing the national currency at the end In 2019, and so far expanded the test of 11 provinces and cities nationwide, according to the White Book
The trial has increased the understanding of Chinese people about how the activity of the numbers, white books for good. Digital yuan is a central bank currency (CBDC ) For retail, circulated in the public, different from the wholesale CBDC is released for commercial banks and other financial institutions to carry out large volume transactions - according to white books. Techniques, numbers can be used for cross-border transactions, but at the present time, this currency is only mainly used for domestic retail purposes - white books. PBOC will review cross-border trading tests if needed and will respect the monetary sovereignty of other countries in such a process, according to white books.

. Dịch vụ: Thiết kế website, quảng cáo google, đăng ký website bộ công thương uy tín

Related news