The digital currency electronic payment has been on a test run, targeting small retail transactions amid preparations for nationwide rollout.
Chengdu joins Beijing, Shanghai, Shenzhen in creating an enabling environment for blockchain, artificial intelligence, big data and more.
The People’s Bank of China has already met with the Beijing company to discuss proposals to trial digital yuan across its platform.
Yi Gang, head of the Chinese central bank, said there was no date for an official launch yet for the digital yuan project.
Participating banks will be able to share information on the blockchain, without the need for third party verification or intervention.
Dubbed a “cheat sheet” for investors, the warning looks at common frauds including regular securities and pensions, virtual currencies and blockchain.
The pair joins 19 retail shops and restaurants in signing up for the digital yuan trial, which will take place in Xiong'An, China.
The central government committee is to be made up of some 71 members, including senior executives from Tencent and Baidu.
The central bank said it would continue the development of a digital currency, with a view to launching as soon as practical..
The governor of the People’s Bank of China, Yi Gang, doused any further speculation, saying China’s cryptocurrency project did not “have a timetable.”