China's digital currency passes 100 bn yuan in spending, says central bank

Transactions using China's digital yuan surpassed 100 billion yuan ($13.9 billion) as of Aug. 31, China's central bank said on Wednesday, as the country continues its roll-out of a central bank digital currency.
 

The spending involved 360 million transactions in pilot areas in 15 provinces and municipalities, the People's Bank of China (PBOC) said, adding that more than 5.6 million merchants could now accept payments with the digital currency.
 

China is at the fore of a global race to develop central bank digital currencies, although adoption is still in the early stages. Transactions using e-CNY rose from 87.6 billion yuan