The People’s Bank of China (PBoC) has announced a major expansion of its digital RMB pilot, extending the project to additional cities and cross-border testing hubs in Southeast Asia, the Middle East, and Europe. This marks the most ambitious phase yet of China’s
China’s digital yuan is quietly reshaping how money moves across Asia. Once a domestic experiment in digital payments, the e-CNY is now expanding into Southeast Asia through pilot programs, trade partnerships, and digital currency bridges. This shift marks a fundamental change in regional
China has opened a new Digital Yuan Hub in Shanghai with the explicit aim of expanding cross-border payment capacity. The hub represents one of the most ambitious steps in the evolution of the e-CNY, the country’s central bank digital currency. Officials describe the
The People’s Bank of China (PBOC) has inaugurated a new Digital Yuan Operation Center, a major step in moving its central bank digital currency (CBDC) strategy from pilot testing to institutional scale. The center is designed to manage the technical backbone, improve settlement
