China’s central bank governor has revealed that transactions using the country’s central bank digital currency (CBDC) reached 1.8 trillion yuan ($250 billion) at the end of June. In addition, the People’s Bank of China (PBOC) official stated that digital yuan in circulation amounted to 16.5 billion yuan.
Latest Digital Yuan Stats
People’s Bank of China (PBOC) Governor Yi Gang disclosed the latest statistics on China’s central bank digital currency (CBDC) on Wednesday at a lecture organized by Singapore’s central bank, the Monetary Authority of Singapore (MAS).
The Chinese central banker revealed that transactions utilizing China’s central bank digital currency, also called e-CNY, reached 1.8 trillion yuan ($250 billion) at the end of June. By comparison, approximately 100 billion in digital yuan transactions were recorded in August last year.
Yi also revealed that China’s central bank digital currency in circulation amounted to 16.5 billion yuan at the end of June. More
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