China Expands Digital Yuan Network as PBOC Adds Eight More Banks

China is widening the banking infrastructure behind its digital currency again. The People’s Bank of China (PBOC) has added eight commercial banks to the country’s digital yuan network, bringing the number of institutions authorised to operate e-CNY services to 30. The new operators are Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, … Continue reading China Expands Digital Yuan Network as PBOC Adds Eight More Banks