Media reports on record transaction volumes in the digital yuan
Users have made transactions with an asset worth about $9,7 billion

04.11.2021 - 10:25
374
1 min
0
What's new? According to the Reuters news agency, the volume of transactions with digital yuan (eCNY) in China is growing. They reached an impressive $9,7 billion in October 2021.
News source on the Reuters website
What data has been published? According to the People's Bank of China's Digital Currency Institute, more than 140 million people have used the new asset. At the same time, economic agents have also joined the system, namely, just over 1,55 million companies in the field of catering, retail, and public services can accept payments in eCNY.
The representatives of the Digital Currency Institute have stressed that the digital yuan system is still at the testing stage. The date of the official launching of the asset throughout the country has also not been chosen yet.
Useful material?
Incidents
The Commission actively began winding down proceedings against crypto firms after a change in leadership in January
Mar 26, 2025
Market
The feature is available for selected clients
Mar 24, 2025
Incidents
He turned out to be a British citizen who had previously been convicted of fraud
Mar 21, 2025
Market
Transactions related to the new platform may also be blocked due to sanctions evasion
Mar 20, 2025
Market
To pass, the document must receive majority support in the House of Representatives and 60 votes in the Senate
Mar 14, 2025
Market
The update will gradually become available to users in March and April
Mar 13, 2025