Chinese lenders Bocom, CCB explore use of e-yuan digital currency for buying funds, insurance products

Source: Tech – South China Morning PostLeading state-owned Chinese banks are stepping up their pilot programme for a sovereign digital currency, revealing that they have started exploring ways to enable holders of the so-called e-yuan to buy investment funds and insurance products online.If successful, this could advance the applicability of the country’s central bank digital currency beyond the low value, daily retail payments laid out in the original blueprint by the People’s Bank of China when it first mooted the idea of a…Read More

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