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China Pilot Project: Paying Salaries with Digital Currency

China has been piloting the use of a digital currency issued by the state. Recently Changshu City, Jiangsu Province announced that, starting in May, it will make the salary payments for people working in the public sector in digital currency. The first pilot city to do so was Taichang City, also in Jiangsu Province, in July of last year. China has also started piloting digital currency and a digital wallet in 26 regions among 17 provinces.

Some people feel that digital currency can help prevent bribery or improper income. However, there are concerns about privacy and whether the government can use it as a weapon to suppress the people it wants to target.

1., April 25, 2023
2. Central Network Agency, April 22, 2023 22, 2023