China’s DCEP to be tested in Beijing and Shanghai

China has been striving to release its own digital currency or Digital Currency Electronic Payment [DCEP] in 2021. According to recent reports, it has been actively testing its digital yuan in different provinces, and it will soon be testing it in major cities like Beijing and Shanghai. According to the reports, the cities are planning to hold pilot runs for the use of the DCEP and promote its use. 
China is focusing on rapidly enhancing its technological infrastructure as it moves forward in 2021. According to a recent statement by Beijing’s mayor – Chen Jiningon, the capital will accele