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As Bitcoin plummeted, China’s digital renminbi transaction volume soared to more than US$5.3 billion


Today, the People’s Bank of China (PBOC) Announce The country’s digital currency e-CNY has a transaction volume of more than 5.3 billion U.S. dollars (34.5 billion yuan) In the case of increased restrictions Regarding the mining and use of cryptocurrencies such as Bitcoin.

The People’s Bank of China stated that the amount was distributed among more than 70.7 million transactions involving 20.8 million individuals and 3.5 million companies with electronic renminbi wallets. These numbers seem to be low compared to China’s 1.4 billion population, but the digital currency is still being tested before it is officially unveiled.


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