China broadens digital yuan trial to select hospitals, Tianjin civil salaries
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The city of Tianjin has begun paying the wages of some finance department workers in digital yuan, while local Chinese media reported that selected hospitals in Hangzhou and Guangzhou have begun…
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The Chinese government is giving away 15 million yuan in central bank digital currency (CBDC) to 130,000 residents of Shenzhen this Friday. The digital yuan can be used at nearly 5,000 stores with no... [[ This is a content summary only. Visit my website for full links, other content, and…
The digital landscape has witnessed significant advancements over the years, revolutionizing various aspects of our lives. One such digital currency that has garnered significant attention is the digital yuan, China’s official digital currency. At the same time, the sharing economy has emerged as a powerful force, changing the way we…
Key Highlights China’s commercial banks will start paying interest on digital yuan wallets from January 1, 2026, to encourage wider public and business use. Digital yuan balances at banks will earn interest and get deposit insurance, making them similar to regular bank deposits. The system will run through banks under…