China's Central Bank Launches Digital Yuan Cross-Border, Offshore and Blockchain Infrastructure

According to ChainCatcher, China's central bank, the National Development and Reform Commission, the China Securities Regulatory Commission, and other government bodies released the Shanghai International Financial Center Offshore Financial Development Action Plan. The plan calls for building and operating digital yuan cross-border, offshore, and blockchain infrastructure under the digital yuan international operations center, while ensuring security and control.

The initiative aims to advance interconnection with overseas financial infrastructure and expand digital yuan applications in offshore business.

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