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Economy

China's digital yuan pilot tally reaches $5.3bn in six months

Central bank white paper notes plans for more trials but no rollout date

Nearly 21 million personal digital-yuan wallets have been created so far.   © Kyodo

BEIJING -- China's digital yuan trials racked up 34.5 billion yuan ($5.34 billion) in transactions by the end of June, according to a white paper released Friday by the People's Bank of China.

The currency has been used in 70.75 million payments so far across more than 1.32 million "scenarios" -- not only in retail settings like stores and restaurants, but also for public transportation, utility bills and government services. The central bank said it has "no preset timetable" for a full launch.

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