China Opens Shanghai Digital Yuan Hub to Boost Cross Border Payments

China Opens Shanghai Digital Yuan Hub to Boost Cross Border Payments

IntroductionChina has opened a new Digital Yuan Hub in Shanghai with the explicit aim of expanding cross border payment capacity. The hub represents one of the most ambitious steps in the evolution of the e-CNY, the country’s central bank digital currency. Officials describe

PBOC Launches Digital Yuan Operation Center to Accelerate e-CNY Integration

PBOC Launches Digital Yuan Operation Center to Accelerate e-CNY Integration

IntroductionThe People’s Bank of China (PBOC) has inaugurated a new Digital Yuan Operation Center, a major step in moving its central bank digital currency (CBDC) strategy from pilot testing to institutional scale. The center is designed to manage the technical backbone, improve settlement