China's Central Bank Plans Digital Yuan Cross-Border and Blockchain Infrastructure

According to ChainCatcher, China's central bank, together with related agencies including the National Development and Reform Commission, has released an action plan for Shanghai's offshore financial development. The plan calls for building and operating digital yuan cross-border, offshore, and blockchain infrastructure under safe and controllable conditions, leveraging an international digital yuan operations center. The initiative also aims to promote digital yuan applications and use cases in offshore business.
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