-
Back to menu
Prices
-
Back to menu
-
Back to menu
Indices -
Back to menu
Research
-
Back to menu
Events -
Back to menu
Sponsored
-
Back to menu
Videos -
Back to menu
-
Back to menu
-
Back to menu
Webinars
Select Language
The initiative is intended to enhance settlement efficiency, and serve as building blocks toward a broader framework for e-CNY integration.
Sep 26, 2025, 5:46 a.m.
- PBOC Deputy Governor, Lu Lei, framed the move as part of a “historical inevitability” in payments innovation.
- China’s CBDC push comes in the wake of the country pulling the brakes on tokenization efforts.
China has quietly taken a bold step in its bid to expand the global footprint of its digital currency.
On Thursday, the People’s Bank of China (PBOC) inaugurated an international operations centre for its central bank digital currency, the digital yuan (e-CNY) in Shanghai, according to a report from the South China Morning Post.
STORY CONTINUES BELOW
PBOC Deputy Governor, Lu Lei, framed the move as part of a “historical inevitability” in payments innovation, with the aim of offering a more efficient, inclusive, and open global cross-border payment system.
The initiative is intended to enhance settlement efficiency, and serve as building blocks toward a broader framework for e-CNY integration.
China’s CBDC push comes in the wake of the country pulling the brakes on tokenization efforts. Earlier this week, China’s securities regulator warned some brokerages to pause their real-world asset (RWA) tokenization businesses in Hong Kong.
Read more: China Pumps the Brakes on RWA Businesses in Hong Kong: Reuters
More For You
By Jesse Hamilton|Edited by Nikhilesh De
9 hours ago
The exchange is appealing an enforcement action from the Financial Transactions and Reports Analysis Centre of Canada.
What to know:
- KuKoin was hit with unusually large penalties in Canada for allegedly failing to properly register and not reporting transactions that could have been connected to money laundering and terrorist financing.
- The exchange has appealed that case to the federal courts in Canada.
