US EditionChina to issue digital yuan management action plan
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32 Articles
China to issue digital yuan management action plan
China's central bank will issue an action plan on digital yuan management, with a new generation of digital measurement framework and mechanism effective from January 1, the Financial Times, a publication run by the People's Bank of China, said on Monday.
Digital yuan to become interest-bearing as China issues new directives to banks
The apex financial institution in China, the People’s Bank of China, has issued a new directive that mandates that commercial banks to pay interest on e-CNY (digital yuan) wallet balances. More so, the China Financial Times, an affiliate of the country’s central bank, reported the development on Monday. According to the article, the yield-bearing initiative is part of the central bank’s new framework for e-CNY. As revealed the new framework is …
Key points of the news: China will be able to obtain interest with the digital yuan from January 1, 2026, an adjustment that transforms e-CNY from digital money into deposit money. The e-CNY will generate yield to increase its adoption, relying on its mandatory legal status that differentiates it from apps such as Alipay and WeChat Pay. The People’s Bank will remain in charge of monetary control and traceability. China is deeply adjusting the de…
China will launch on January 1 an “action plan” to boost the management and operations of its digital currency, reported on Monday a vice-governor of the country’s central bank. This institution has worked since 2014 on a digital currency, and has proven the use of a “digital yuan” in several pilot programs, exposes [...] China’s entry announces that it will launch an action plan with digital coins was first published in Information Focus.
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