Blockchain advancement and evolution are happening along the lines of the traditional banking system, resulting in the development of CBDC. China has launched its digital currency and has banned all crypto-related activities.
The digital currency craze has evolved significantly over the past few years; cryptocurrencies primarily influence the move. China is one of the nations that has already launched its central bank digital currency (CBDC).
China’s Central Bank, the People’s Bank of China, has now released a service guide for foreign visitors to help them ease the usage of e-CNY. The aim of publishing the guide is to help visitors make contactless payments with the central digital currency.
A regional media report, “Explore the Splendors of China with e-CNY Service Guide for Visitors in China,” published a guide to help tourists make payments in digital yuan using the official mobile application.
According to the published guide, the application of e-CNY is
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