SHANGHAI/SINGAPORE : Chinese digital currency-related stocks jumped on Monday in a weak broader market, amid the latest measures that China is taking to promote the use of its own central bank digital currency , the digital yuan.
China has been a leader among countries that are developing the CBDC - digital tokens issued by central banks, although adoption is still in the early stages. "Using e-CNY to pay salaries will help popularise the digital currency," said Wang Pengbo, senior financial analyst at consultancy BoTong Analysys.
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