China’s central bank has opened a digital yuan operations center in Shanghai featuring platforms for cross-border payments, blockchain technology and digital assets, marking another step in the country’s push for global adoption of its currency.
The People’s Bank of China’s new digital yuan hub will oversee the development and operation of cross-border payment systems and blockchain infrastructure, while also promoting connectivity between domestic and international financial networks, state-run media Xinhua News Agency reported Thursday, citing the central bank.
PBOC Deputy Governor Lu Lei said a preliminary cross-border financial infrastructure for the digital yuan is already in place, according ...
