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The Economic Times
The Economic Times

China signs up 26 financial institutions to digital yuan cross-border payment platform

China Standard Chartered Bank

China's digital yuan operation centre signed ​direct participant agreements with ​26 financial institutions in Shanghai on Tuesday, ​aiming to expand low-cost, efficient cross-border payments and advance global adoption of the Chinese currency.

The international operation centre of ‌the digital ⁠yuan ⁠was established and managed by the People's Bank of China.

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