Tuesday, November 10, 2020

ALL ABOUT CHINA'S NEW DIGITAL CURRENCY


ALL ABOUT CHINA'S NEW DIGITAL CURRENCY

19,911 views•Oct 30, 2020

THE HINDU

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China's central bank gave digital yuan worth $1.5 million to 50,000 consumers. It was given in "red envelopes" in the form of online wallets

 

The online wallet was accessible via an app and did not need an existing bank account.

 

The digital yuan is one of the most advanced central bank digital currency initiatives developed around the world.

 

Read more here:https://www.thehindu.com/news/interna...

 

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