As countries all over the world weigh the benefits of central bank digital currencies, China is pressing its lead with the rollout of the digital yuan ahead of the Beijing Winter Olympics.

The People's Bank of China (PBOC) announced on Tuesday that 261 million individuals, or about a fifth of the country's population, have now set up digital yuan wallets.

Adoption of China’s Digital Yuan Expands Ahead of Beijing Olympics comes via ChinaTechNews.com.