The People's Bank of China has added eight banks as digital renminbi business operating institutions and connected them to the central bank’s digital renminbi system, expanding the network to 30 operators. The additions are Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha and Guangxi Beibu Gulf Bank. The new operators will begin providing digital renminbi services after completing their business and technical preparations. The central bank plans to continue expanding the operator network in an orderly manner under market-based and law-based principles.
People's Bank of China adds eight digital renminbi operators, expanding network to 30 institutions
The People's Bank of China has added eight banks as digital renminbi operators, increasing the network to 30 institutions. The banks will launch services after completing business and technical preparations.