PBOC digital yuan adoption

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PBOC Report Points to Ongoing Adoption of Digital Yuan In a significant development for China’s financial landscape, the People’s Bank of China (PBOC) released a comprehensive report highlighting the continued and substantial adoption of its central bank digital currency (CBDC), the digital yuan.

The high transaction volume is a testament to the digital yuan’s efficiency and its ability to handle large-scale financial operations seamlessly.

The latest report from the PBOC indicates that as of July 31, there were approximately 180 million individual wallets associated with the digital yuan.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaChina

Topics: Crypto News PBoC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 03:38:38 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23004090

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Main Topics: Crypto

Official Website: bitcoinworld.co.in

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News Last Updated: 12 hours ago

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