China to take the next step in its crypto trials

A new report published by the Wall Street Journal earlier today indicates that China might be planning to step up the tests for its native cryptocurrency, the digital yuan. The nation already started testing it in several cities over the past year. Now, however, reports indicate that it is planning to expand these tests. Expanding the tests to new regions According to the report, China’s Ministry of Commerce stated that the central bank digital currency (CBDC), known as DC/EP, will soon commence testing in a number of new cities. The plan is to introduce it into major cities in most