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Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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Crypto

<ul><li>Transactions of China’s digital yuan reached 83 billion yuan (US$12.3 billion) in the first five months of 2022</li><li>A total of 264 million transactions in the virtual currency were made as of May 31, and over 4.5 million commercial outlets across the country now accept digital yuan as a payment option</li><li>The five-month figure is comparable to the virtual currency’s transaction volume for the entirety of 2021, which reached 87.6 billion yuan (US$13 billion)</li></ul>

Transactions of China’s digital yuan reached 83 billion yuan (US$12.3 billion) in the first five months of 2022A total of 264 million transactions in the virtual currency were made as of May 31, and over 4.5 million commercial outlets across the country now accept digital yuan as a payment optionThe five-month figure is comparable to the virtual currency’s transaction volume for the entirety of 2021, which reached 87.6 billion yuan (US$13 billion)

Digital Yuan Transactions in China Hit $12b in First 5 Months of 2022