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This can happen in ThailandChina was the first major economy to begin exploring its own digital currency in , though it is yet to launch the proposed digital yuan. Unlike. The digital RMB is legal tender and has equivalent value with other forms of renminbi, also known as the Chinese yuan (CNY), such as bills and coins. The world's second largest economy has been trialing the digital yuan in Chinese cities since , as it prepares for a national rollout that.