China busy building e-yuan wallet ecology


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China is working to achieve full implementation of digital yuan in all online and offline scenarios through the construction of an e-yuan wallet ecology.

Mu Changchun, director-general of the Digital Currency Institute of the People’s Bank of China, spelt out the functions and use of e-yuan wallets at the 13th Lujiazui Forum.

Some 350,000 digital red packets, each containing 55 yuan (US$8.6), are being distributed to Shanghai residents after a lottery last weekend, Mu said.



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