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A sign at a shopping mall in Shanghai indicates payments can be made in digital yuan. © Reuters
KEITA SEKIGUCHI, Nikkei fintech editor, and WANG LEJUN, Nikkei staff writer | China
TOKYO -- In January, an employee at a major Chinese bank learned that she was now part of the central bank's push to promote its digital currency: All of her salary and bonuses would be paid in digital yuan from that month on, as her branch switched over entirely to the currency.
As of the end of 2022, China had large-scale trials of the central bank digital currency (CBDC) running in 26 areas across 17 provinces, but the locations where it can be used are still limited.
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