The sign of China's digital yuan, or e-CNY, is seen at the 2021 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 3, 2021. REUTERS/Florence Lo
SHANGHAI, Jan 4 (Reuters) – China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central bank steps up its push to develop its own digital currency.
The “e-CNY (Pilot Version)” app, developed by the People’s Bank of China’s (PBOC) digital currency research institute, was available for download on Chinese Android and Apple app stores on Tuesday in Shanghai.
A notice in the app said it is in a research and development pilot phase and is only available to selected users through supported institutions that provide e-CNY services, including major domestic banks.
PBOC Governor Yi Gang said in November that China would continue to advance the development of its central bank digital currency and improve its design and usage, including increasing its interoperability with existing payment tools. read more
In a year-end meeting, the PBOC said it would continue to push forward with the research and development of the digital yuan. read more Reporting by Andrew Galbraith and Samuel Shen Editing by Shri Navaratnam
This article was originally published by Reuters.
In total rental activity, it comprises more than 368,500 leases registered in 2025, accounting for…
Abu Dhabi is reinforcing its position as one of the world's fastest-growing financial centres as…
Doha, Qatar, July 2026 — Doha is reinforcing its position as one of the Middle…
Keturah founder says new climate research demands rethink from region’s developers Dubai, UAE, 2nd July…
ADXinteract reveals sales climb 173% in value to AED 84.49 billion and 103% in volume…
Ras Al Khaimah is rapidly strengthening its position as one of the Middle East’s fastest-growing…