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CoinGape
2023-12-20 23:00:48

China Initiated First Cross-Border Digital Yuan Transaction

China Initiated First Cross-Border Digital Yuan Transaction

The Bank of China’s Shanghai Branch completed the first cross-border digital yuan (RMB) transaction on Tuesday. Local papers reported that the transaction occurred in partnership with the Shanghai Gold Exchange to complete a 100 million yuan settlement in a precious metal. With China’s central bank digital currency (CBDC) retail pilot at scale domestically, this is The post China Initiated First Cross-Border Digital Yuan Transaction appeared first on CoinGape .

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