By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.
China's central bank has unveiled a new action plan, with an upgraded digital yuan framework that took effect on Thursday. Under the new system, e-CNY wallet balances can accrue interest, similar to current account deposits. CGTN's Aaron Liu notes that the upgrade is reshaping how people use money, and the e-CNY is not just a payment tool but also a core aspect of the financial system.
China's central bank has unveiled a new action plan, with an upgraded digital yuan framework that took effect on Thursday. Under the new system, e-CNY wallet balances can accrue interest, similar to current account deposits. CGTN's Aaron Liu notes that the upgrade is reshaping how people use money, and the e-CNY is not just a payment tool but also a core aspect of the financial system.