China to extend CBDC trial to most populous province

China’s central bank is to extend the trial of its e-CNY digital currency to four major provinces including Guangdong, the most populous, the South China Morning Post (SCMP) reported Tuesday. The People’s Bank of China (PBOC) will also add Jiangsu, Hebei and Sichuan to the trial.

As of October last year, around 140 million people had opened e-CNY wallets, and transactions worth 62 billion yuan ($9 billion) were carried out.