The People’s Bank of China (PBoC) revealed that $250 billion worth of transactions have taken place using the country’s central bank-backed digital currency (CBDC) digital yuan in 18 months since the start of its pilot. Speaking at a conference in Singapore, China’s central bank governor Yi Gang said that the central bank has transacted 1.8 trillion yuan as of the end of June.... Read More: China's Digital Yuan Hits $250 Billion Transaction Volume, Central Bank Governor Reports
