Ant Group highlights private sector's role in developing digital yuan

Cointelegraph

Published Apr 26, 2021 02:00PM ET

Updated Apr 27, 2021 04:00PM ET

Major Chinese technology and commerce firms are starting to open up regarding their involvement in developing the digital yuan.

Ant Group and Tencent Holdings (OTC:TCEHY) 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.

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