Beijing, China, says it will introduce “new digital yuan application scenarios,” and wants to take the lead in the adoption of the central bank digital currency (CBDC).
Per the Securities Times, the comments were made by Zhao Wei Jiu, the Deputy Director of the Beijing Local Financial Supervision and Administration Bureau.
Zhao was speaking at an event named the Global Digital Economy Conference Digital Finance Forum….
Read More: Beijing Set to Debut ‘New Digital Yuan Application Scenarios’ – What Next for the CBDC?