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Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says

October 14, 2022

People’s Bank of China Reports 360 Million Digital Currency Payments

Transactions with China’s central bank digital currency (CBDC) exceeded 100 billion yuan in value ($13.9 billion) as of Aug. 31, 2022, rising from almost 88 billion yuan by the end of 2021, the People’s Bank of China (PBOC) announced on Wednesday. The spending involved 360 million transactions, according to a Reuters report quoting the monetary policy regulator.