Bank of China Completes First Precious Metal Digital Yuan Settlement
The Shanghai branch of the Bank of China has completed the first settlement of precious metals using the digital yuan. The South China Morning Post claims that the Bank of China, a commercial bank based in Beijing, has completed the first cross-border settlement for trade in precious metals using digital yuan. This means that the […]
Bank of China Mandates Retail Digital Yuan Payments
Using QR codes, e-commerce platforms now have the potential to include Central Bank Digital Currencies (CBDC) into their own operating systems in the near future. Changchun Mu, the Director of the Digital Currency Research Institute of the People’s Bank of China, emphasized in a speech delivered on September 3 that as China’s central bank digital […]