EconomyXinhua News (新华网)
China’s Digital Yuan Adds Eight New Banks, Expanding Operator Network to 30
央行新增8家数字人民币业务运营机构
The People's Bank of China (PBOC) announced the addition of eight commercial banks as operating institutions for the digital yuan, bringing the total to 30. The new operators, including Ping An Bank and Bank of Shanghai, will link to the central bank's system and begin services after completing preparatory work. The PBOC frames the move as improving the digital currency's accessibility and meeting public demand for secure digital payments.
The view from inside
The report casts the expansion as a concrete step under China's 'Fifteenth Five-Year Plan' directive to 'steadily develop digital yuan' (稳步发展数字人民币).
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