Tuesday, April 16, 2024
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Standard Chartered Becomes First International Bank to Participate in Digital RMB Business Pilot

China has rolled out its digital RMB interconnection platform with Standard Chartered Bank that is expected to use it in streamlining cross-border payments and other services. The People’s Bank of China (PBoC) has made significant progress in rolling out the digital Renminbi ( e-CNY) during the past year. With about 26

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Chinese city public servants to receive digital RMB salaries from May

A notice issued by authorities governing the Chinese city of Changshu stated that all civil servants in its jurisdiction will be paid their full salaries in digital RMB or digital yuan from May 2023. According to the notice issued by local Chinese authorities, Changshu Local Financial Supervision Bureau and the Changshu

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