Will digital Yuan become China’s global trade tool?
PEJOURNAL - China's central bank said it is seeking cross-border payments with the digital yuan and plans to introduce global standards for digital currencies (digital Yuan) to create a common international monetary system.The Central Bank of China said it is strengthening information security and protecting personal data while developing the experimental use of the digital yuan at home. China is leading the global competition for the central bank's virtual currencies and has long tentatively used the digital yuan in the most major cities, including Shenzhen, Beijing and Shanghai, but has yet to announce any time for its official launch. Many…