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People’s Bank of China

mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade
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30 May, 2024

mBridge members China, Thailand sign local currency agreement as they look to improve cross-border trade

The framework is expected to allow China and Thailand to carry out international trade in the Chinese yuan or the...
Hong Kong enables digital yuan payments
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28 May, 2024

Hong Kong enables digital yuan payments

Hong Kong has become the first destination beyond mainland China to allow residents to open digital yuan wallets and make...
China working on CBDC guide to make digital yuan more accessible to foreign users
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27 March, 2024

China working on CBDC guide to make digital yuan more accessible to foreign users

The People’s Bank of China—the country's central bank—and its Digital Currency Research Institute have published a guide for foreign tourists...
China, Singapore launch digital yuan cross-border payments pilot for tourists
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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...
China’s digital yuan pilot gathers steam
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9 December, 2023

China’s digital yuan pilot gathers steam

The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use...
Digital yuan’s merchant fee removal worries point-of-sale manufacturers
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26 November, 2023

Digital yuan’s merchant fee removal worries point-of-sale manufacturers

China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for...
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