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China's central bank tests digital yuan across borders

Experimental currency gives Hong Kong and mainland tourists added payment option

China's central bank has put its virtual yuan through a new set of paces by allowing select Hong Kong residents to use it to make payments across borders, state media reported Thursday.

Under a one-day pilot program sponsored by the People's Bank of China, Hong Kong residents could use the central bank-developed digital currency to pay for things in the neighboring city of Shenzhen, across the border between the special administrative region and South China's Guangdong Province, according to the state-run Shenzhen Special Zone Daily newspaper.

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