Shanghai and Suzhou Spearhead Exciting New Drive for Fresh CBDC Adoption in China
1. Efforts to Promote Increased Adoption of Digital Yuan in Shanghai and Suzhou The respective administrations of Shanghai and Suzhou, two of China’s most affluent regions, are intensifying efforts to boost usage of the country’s digital national currency, or CBDC, known as the e-CNY. Their initiatives aim to invigorate adoption and acceptance levels among citizens […]