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China’s Digital Yuan Trial Reaches $5.3 Billion in Transactions

  • Near 21 million individuals have virtual wallets, PBOC says
  • The central bank won’t set a timetable for official rollout
Signage for the digital yuan inside a supermarket in Shenzhen.

Signage for the digital yuan inside a supermarket in Shenzhen.

Photographer: Yan Cong/Bloomberg
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China’s digital yuan trial has reached 34.5 billion yuan ($5.3 billion) in transaction value as the central bank continues to outpace global peers in developing a virtual currency.