Chinese banks explore local e-CNY wallets for foreign firms via upgraded platform
Summary
Beijing is expanding its central bank-backed digital currency network to offshore institutions, including Hong Kong branches, while banks are also exploring local e-CNY wallets for foreign firms to deepen cross-border integration. “We currently have 30 domestic banks as e-CNY operators. Right now we’re working to extend this capability to offshore banks,” Lu Yuan, deputy head of the People’s Bank of China’s digital currency research institute, said on a panel at Hong Kong’s Fintech Week. “We...
Description from South China Morning Post.
Who is covering this
-
Chinese banks explore local e-CNY wallets for foreign firms via upgraded platform
Beijing is expanding its central bank-backed digital currency network to offshore institutions, including Hong Kong branches, while banks are also exploring local e-CNY wallets for foreign firms to deepen cross-border integration. “We currently have 30 domestic banks as e-CNY...
Comments
Comments need JavaScript.