From lottery draws to fiscal spending, China broadens digital yuan footprint

From lottery draws to fiscal spending, China broadens digital yuan footprint

In a series of ​measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and behind-the-scenes directives to expand the ​use of digital yuan, also known as e-CNY, in areas ranging from lottery draws to green electricity charges and fiscal spending.