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Transactions in e-CNY, as the currency is known, reached 62b yuan ($9.7b) in trials rolled out in about a dozen regions, Mu Changchun, head of the PBOC’s Digital Currency Institute, said at the Hong Kong Fintech Week conference on Wednesday.
He also made the following comments: Digital yuan operators can open four types of e-wallets for customers. The least privileged only requires a phone number, so would be anonymous even to the PBOC. Daily transaction values for this type of e-wallet holder would be capped at 5,000 yuan, with an annual cap of 50,000 yuan The highest privileged e-wallet would need to be opened at a bank counter with personal identification, with no transaction cap He reiterated that these e-wallets would collect less transaction information than traditional digital payment services. The PBOC would not provide the information to any third-party or other government agencies unless stipulated by the law
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