Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks. Per the China Securities Network and the People’s Daily, the first person to use the digital CNY in such a manner was a man surnamed Qi – the owner of a small private decoration company in Guangzhou....Read More: Local Tax 'First' for Digital Yuan as Pilot Continues to Broaden Scope
