World · Adoption · China ·
China adds 8 banks to digital yuan network, bringing total to 30
China authorized eight additional banks to offer digital yuan (e-CNY) services after completing operational and technical preparations, expanding the state digital currency operator network from 22 to 30 institutions.
Why it matters for the crypto market
Reflects continued expansion of China's central bank digital currency infrastructure, deepening institutional integration of the e-CNY and state control over digital payment flows.
Source: Cointelegraph
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