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Explainer: How China’s digital currency different from existed widely used e-payments

Explainer: How China’s digital currency different from existed widely used e-payments

China’s digital currency has moved steps forward again as 50,000 randomly selected citizens in South China’s Shenzhen received a total of 10 million yuan ($1.5 million) worth of digital currency. That happened on October 12, one day after the second-largest economy announced the plan to build Shenzhen, dubbed as China’s Silicon Valley, to a pilot demonstration zone for socialism with Chinese characteristics, which means more reforms and opening-up.







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