The province of Sichuan in China outlines the ‘Sichuan Metaverse Industry Development Action Plan’ to improve and empower its digital economy, aiming for a $34 billion valuation in two years.
China is embracing the adoption of its digital yuan, as seen in the record-breaking number of citizens piloting the CBDC, leading the PBoC to expand the trial to four more commercial hubs.
The move comes as a surprise since many local governments have encouraged transaction processors to utilize the excess hydroelectric power in the area.
To create more business opportunities, China’s Sichuan province should study how it can leverage its abundant hydro energy in the crypto mining industry.
