Chinese media outlets have been reporting on a new first for the digital yuan – with the central bank-issued token used to pay a court-issued fine for the first time.
Per Chinaqw, on April 19, a man surnamed Wei, the plaintiff in a motor vehicle traffic accident liability dispute case, had been handed a fine of just over USD 105 by the People’s Court in the Lucheng District of Wenzhou, a city in Zhejiang Province....
Read More: Chinese Man Uses Digital Yuan to Pay Court-issued Fine in Legal First