Transaction volume for China's central bank digital currency ("CBDC") hit a fresh milestone of 100B yuan ($14B), though the growth rate was much slower this year than last year, according to a Thursday report by South China Morning Post, citing data from the People's Bank of China.In 2022, e-CNY transaction volume climbed 14% from the 87.6B yuan mark at the end of 2021. That compared with the 154% growth recorded between June 2021 and December 2021.The PBOC did not release data on the latest number of e-CNY wallets, which reached 261M at the end of 2021, the report said.The digital currency is being introduced on a trial basis across China, now covered in 23 cities including Beijing, Shanghai and Shenzhen.Previously, (Sep. 20) Hong Kong to start testing out CBDC in Q4.
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