China’s CBDC trials have ramped up and have reached 140 million wallets or 10% of China’s population. One of the current development areas is how to combat money laundering and counter fraudsters
JD Digits, the company’s fintech arm, will accept digital yuan as payment for some products on its online mall
Widespread use of the digital yuan would give Chinese policymakers greater visibility into how money flows around China’s economy.
The latest drive by Shenzhen is aimed at boosting the usage of Central Bank Digital Currency