Ant Group highlights private sector's role in developing digital yuan
Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan. Major Chinese technology and commerce firms are starting to open up regarding their involvement in developing the digital yuan.Ant Group and Tencent Holdings revealed the extent of their collaboration with the People’s Bank of China in developing the digital yuan at the Digital China Summit, an annual trade fair in the city of Fuzhou in southeastern Fujian province. According to the South China Morning Post, Ant Group started working with the PBoC on the digital yuan in 2017,....
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