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Aug. 15th, 2020 08:51 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsHONG KONG—China’s Commerce Ministry said it would expand a pilot program for its digital currency to include a number of large cities, advancing a pioneering initiative by a major central bank to launch an electronic payment system.
The digital currency pilot program will cover much of China’s most prosperous regions, the Commerce Ministry said Friday: the capital Beijing and nearby Tianjin and Hebei province in the north; the Yangtze River Delta to the south; and, along China’s wealthy southern coast, Guangdong province and the neighboring cities of Hong Kong and Macau.
https://www.wsj.com/articles/china-to-expand-testing-of-a-digital-currency-11597385324
Attempts to arrest or even contain China's technology advances in financial services will prove to be futile. They are moving rapidly in a wide-open field with a clear mission to own the next generation transactions system.
