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Last year, digital yuan transactions increased to $11.24 billion

The figures are in: historical digital yuan transactions totaled 87.565 billion yuan (US$11.238 billion) as of the end of 2021. That’s, according to the People’s Bank of China (PBOC).

Since statistics was last released with the public in late October, the latest count represents a 140 percent increase.

The number of personal digital yuan wallets increased by 86.4 percent to 261 million during the same period. That’s, according to the PBOC.

China’s digital yuan, or e-CNY, is widely regarded as the world’s most advanced central bank digital currency (CBDC).

From Oct. 22 to Dec. 31, there were four e-CNY airdrops: two in Beijing, one in Qingdao, and one in Haikou.

Three of the four airdrops in Beijing and Qingdao focused on distributing digital yuan in the form of coupons for public transit.

The next Winter Olympics are anticipated to be a high-profile showcase for digital e-CNY, but public ticket sales have been halted owing to worries about Covid-19.

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