PBoC Confirms e-CNY Ready for Large-Scale Use, BIS Urges Faster Action on CBDCs

The digital yuan (e-CNY) has been proven usable in large-scale scenarios without any stability concerns, the Deputy Governor of the People’s Bank of China (PBOC), Fan Yifei, has said at the commissioning of a trial zone for the e-CNY in Beijing on Friday. China Daily report.