Report: China’s central bank to test digital currency in two cities, partnering with state-backed commercial banks and telecom giants

The People’s Bank of China (PBOC), the country’s central bank, will soon test its much-anticipated digital currency electronic payment (DC/EP) in the cities of Shenzhen and Suzhou, on track to become the first central bank in the world to issue digital currency, according to a report from Chinese financial news outlet Caijing.The post Report: China’s central bank to test digital currency in two cities, partnering with state-backed commercial banks and telecom giants appeared first on The Block.