China’s digital yuan trial expands to 10 million eligible users

Signage for the digital yuan, or E-CNY, next to self check-out kiosks inside a supermarket in Beijing. China has accelerated its push for the digital yuan this year, rolling out more trials in cities including Shenzhen, Beijing, Shanghai and Chengdu. — Bloomberg

China has made 10 million people eligible to participate in its expanding digital yuan trial as it continues to lead global central banks in developing a virtual currency, according to a central bank official.

For now, people interested in using the digital yuan can apply to join “white lists” at state-owned banks that distribute digital yuan. There are now 10 million users of such white lists, Fan Yifei, deputy governor of the People’s Bank of China, said at a press briefing Thursday.