China’s digital currency is being tested, but not officially launched

China’s official digital currency is undergoing testing and has not been officially released, according to the central bank. Insiders said the trial run will be piloted within a small range of banks and end users, and spread to a wider range with an improved technology and system.File photo shows 100-yuan bank notes, the largest denomination of the Chinese currency. (Xinhua/Li Xin)The Digital Currency Research Institute of the People’s Bank of China (PBC), China’s central bank, has said that the research and development work of China’s official digital currency, dubbed as DC/EP, is proceeding …

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