China expands its e-CNY trial and Kazakhstan plans to roll out its CBDC by 2025 centralbankdigitalcurrency eCNY digitalyuan
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The new additions will bring an additional layer of complexity to the e-CNY system being developed as they are somewhat less technologically advanced when compared to the first batch of pilot cities, which are home to multiple IT and financial powerhouses. The gift package can be used at a variety of outlets either online or at a store's physical location. Potential uses include buying groceries, movie tickets, daily necessities or dining coupons in stores. The goal of the gift package is to promote the use of the e-CNY in the new pilot areas and to contribute to local economic development.
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