China bares CBDC upgrade; Australia’s Project Acacia underway

Quick Summary:

In a bid to boost CBDC adoption, China steps up its game by upgrading its digital yuan hardware wallet, while Australia is set to kickstart a new initiative centered on wholesale tokenization.

The post China bares CBDC upgrade; Australia’s Project Acacia underway appeared first on CoinGeek.

At the moment, one in eight persons in Mainland China has a digital yuan wallet, and the PBoC is keen on increasing the figure before 2025.

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Article Details

Author / Journalist: Wahid Pessarlay

Category: Crypto

Markets: CanadaAustraliaChinaSwitzerlandUganda

Topics: Central Bank Digital Currency Tokenization Finance People's Bank of China Digital yuan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 04:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1015 words

Reading Time: 6 minutes read

Sentences: 37 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23713160

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