For the first time ever, the People’s Bank of China (PBOC) has included its central bank digital currency (CBDC) in official cash reports. China’s digital yuan, otherwise known as e-CNY, amounted to 13.61 billion yuan (roughly $2 billion) by the end of December, per official figures reviewed by the South China Morning Post. That reportedly converts to 0.13% of China’s outstanding monetary base supply. Announced in 2019 and launched for public testing in April 2021, China’s CBDC has made its way into 26 different cities and into the hands of 5.6 million merchants. Unlike bitcoin and ether, the digital yuan does not ... (full story)