The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible problems in a more broad testing environment. China is preparing its user base and its digital yuan technology to be used in the upcoming 2022 Winter Olympics.
Digital Yuan Whitelist Open
The government of China is expanding the testing of its CDBC. According to reports from an officer of the People’s Bank of China, it opened a whitelist to further experiment with the digital yuan. Citizens interested in being part of this initiative can request their inclusion in this new trial phase at selected state banks. More than ten million citizens are already on this whitelist, said Fan Yifei, deputy governor of the People’s Bank of China.
However, the extent of this test and