Chinanews Client, April 1st. On April 1, Wang Xin, Director of the Research Bureau of the People’s Bank of China, stated at the press conference of the State Council Information Office that my country’s digital renminbi is mainly designed for domestic retail payments, but when conditions are ripe At that time, if there is such a demand in the market, it is possible to use digital renminbi for cross-border transactions.
In the early stage, the Digital Currency Research Institute of the People's Bank of China and the Hong Kong Monetary Authority conducted technical tests on the cross-border use of digital renminbi in the Mainland and Hong Kong. This is a routine R&D test of the renminbi pilot.
In China, the digital renminbi is being tested in many regions, including the use of it in the Winter Olympic Games. There are more and more test scenarios for the digital renminbi.