@bitcoinmagazine

This "digital yuan" (AKA Digital RMB, AKA DCEP, AKA CBDC) is nothing like an electronic alternative to cash.

To-date, these trials have been more like prepaid funds that can be spent only at a limited set of retailers, & definitely cannot be deposited/converted to cash, or sold, or transferred as a gift even.

#Bitcoin  #China #DCEP #CBDC #DigitalRMB #DigitalYuan #Yuan #PBOC #P2P #OTC #RMB #CNY $RMB $CNY