Shanghai Deepens Research on Digital RMB Application and Blockchain Integration
Publication Time:2024-08-23 15:46:08
According to the revised 'Regulations for Promoting the Construction of Shanghai as an International Financial Center', the Shanghai Municipal Government is working with central financial authorities to steadily advance the research and application of digital RMB in the city. By building functional platforms such as a digital RMB innovation and operation center, it aims to facilitate cross-border circulation and usage of digital RMB. The regulations also propose to further explore how digital RMB can better support payment applications within blockchain value systems, promoting more projects to be included in the Multilateral Central Bank Digital Currency Bridge initiative. These measures aim to deepen the application scenarios of digital RMB, promote innovation and development in the field of financial technology, and contribute to the construction of Shanghai as an international financial center.
Blockchain
innovation platform
Digital RMB
International Financial Center
Payment Application