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Just a Test: China Central Bank Confirms Digital Yuan Mobile App Trials

China’s central bank confirmed it will be testing a mobile app for the digital yuan in four cities, with a fifth in the works, and emphasized it’s a test.

The People’s Bank of China is set to launch internal tests for the digital yuan system in five cities. (Credit: Shutterstock)
The People’s Bank of China is set to launch internal tests for the digital yuan system in five cities. (Credit: Shutterstock)