ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Currencies

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more