At the moment, the device supports 17 foreign assets. You do not need a bank account to complete the transaction, but a passport is required
At the China International Import Expo in Shanghai, Bank of China presented a device that allows converting foreign currencies into digital yuan, Coindesk writes with reference to the China Times. According to media reports, the device was developed for the Beijing 2022 Winter Olympics.
You need a passport to convert foreign currencies to digital yuan, but no bank account is required. At the moment, the device supports 17 foreign currencies, which are not reported.
In October 2020, Sun Guofeng, head of the monetary policy department of the People's Bank of China, announced that the digital yuan would be used in Beijing during the 2022 Winter Olympics.
In July, the People's Bank of China published the first digital yuan draft white paper in English, which describes the technical characteristics of the digital currency. The document says that foreign tourists will be able to use the digital yuan without opening accounts with Chinese banks during the Winter Olympics, which will be held in Beijing in 2022.