China's Central Bank Issues Plan for Digital Yuan Cross-Border, Offshore and Blockchain Infrastructure

According to ChainCatcher, China's central bank and five government bodies recently issued an action plan for developing Shanghai as an international financial center. The plan outlines construction and operation of digital yuan cross-border, offshore, and blockchain infrastructure under strict security controls. The initiative will leverage the digital yuan international operations center and gradually promote integration with overseas financial infrastructure while expanding digital yuan applications in offshore transactions.
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