China plans to use its digital yuan at the 2022 Winter Olympic Games
Cointelegraph
Published Aug 25, 2020 05:23AM ET
Updated Aug 25, 2020 07:00AM ET
The People’s Bank of China is planning to put its digital currency to use at the 2022 Winter Olympic Games in Beijing.
According to a Reuters report, Sun Guofeng, the head of the monetary policy department at PBoC, said that the bank does not have a timetable for the rollout of the digital currency. However, going by Sun’s statement, PBoC is likely to launch it before the 2022 Winter Olympic Games as they plan to use it during the international sports event.
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Written By: Cointelegraph
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