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Digital yuan transactions top US$73 mln in Guangzhou

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It took two-and-a-half months for China’s southeastern city of Guangzhou to surpass 490 million yuan (US$73.2 million) in digital yuan transactions, People’s Bank of China Guangzhou branch deputy manager Guo Yunxi said, according to local media

See related article: JD.com tops US$60 mln in digital yuan sales in 618 shopping festival

Fast facts

  • China’s central bank digital currency (CBDC) digital yuan, or e-CNY, started trials in Guangzhou in April, expanding from the October 2020 pilot kickoff in Shenzhen. 
  • The average transaction size in Guangzhou was 134 yuan (US$20) as of June 15. 
  • More than 2 million private accounts and 195,000 corporate accounts have been opened, Guangzhou Daily reported, citing Guo.

See related article: Chongqing joins China’s digital yuan tax pilots

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  • Source: https://forkast.news/headlines/digital-yuan-transactions-guangzhou/

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