Singapore and China launch Digital Yuan pilot for tourist transactions

Singapore and China have initiated a cross-border pilot program for the use of China’s central bank digital currency (CBDC), the digital yuan. This initiative, a collaboration between the Monetary Authority of Singapore (MAS) and the People’s Bank of China’s Digital Currency Institute (PBCDCI), aims to simplify transactions for tourists in both countries. Easing cross-border transactions ...... source: https://www.cryptopolitan.com/singapore-china-digital-yuan-pilot-tourist/