In 2023, China became the first nation to implement a digital currency for international trade. In October 2023, PetroChina, a major Chinese oil and gas company, completed the first international crude oil trade using the digital yuan (e-CNY). This marked a significant step in China's efforts to expand the use of its central bank digital currency (CBDC) in global markets and reduce its dependence on the U.S. dollar
Which nation become the first to implement a digital currency for international trade in 2023?
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