The People's Bank of China adds 12 new digital yuan service operation institutions

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Mars Finance reports that, according to data from Jintou, in order to implement the decision to “steadily develop the digital yuan” outlined in the “14th Five-Year Plan” and the “15th Five-Year Plan,” and to further enhance the inclusiveness of digital yuan services, while continuously responding to the public’s demand for secure, convenient, and efficient digital yuan services. The People’s Bank of China has added CITIC Bank, China Everbright Bank, Huaxia Bank, China Minsheng Bank, Guangfa Bank, Shanghai Pudong Development Bank, Zheshang Bank, Ningbo Bank, Jiangsu Bank, Beijing Bank, Nanjing Bank, and Suzhou Bank as banking institutions operating digital yuan services, and has connected them to the central bank-side digital renminbi system. After the newly added institutions complete their business and technical preparations, they will commence digital yuan operations.

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