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China's use of digital currency accelerates in trial program

Central bank seeks to work with international agencies on global legal framework

HONG KONG -- China's digital currency pilot program has picked up pace, with transaction volumes doubling over the past month, according to the country's central bank governor, who said the trial has so far been smooth.

There have been more than 4 million transactions worth over 2 billion yuan ($298.4 million) in total in the trial of the world's most advanced central bank digital currency so far, Yi Gang, governor of the People's Bank of China, said at the Hong Kong FinTech Week conference on Monday.

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