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Changchun Mu, Director of the Digital Currency Research Institute of the People’s Bank of China, announced on Sept. 3 that the digital yuan, China’s central bank digital currency (CBDC), should become an integral part of all online retail payment options. This move comes as the digital yuan undergoes technological and business model upgrades.Mu emphasized the developers’ desire to see the digital yuan widely accepted in retail scenarios. The CBDC, also known as the renminbi, has <a href="https://cryptosheadlines.com/a-binance-executive-has-accused-sbf-of-intentionally-painting/" rel="noopener noreferrer nofollow">recently undergone significant organizational and business</a> model enhancements, and now it’s time to upgrade payment tools.<a href="https://cryptosheadlines.com/bank-of-china-mandates-digital-yuan-in-retail-payments/" rel="noopener noreferrer nofollow"> Read More...</a>

Bank of China Mandates Digital Yuan in Retail Payments

CryptosHeadlines.com

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