China Inaugurates Digital Yuan Operation Centre to Push CBDC Integration: Report

China has quietly taken a bold step in its bid to expand the global footprint of its digital ￰0￱ Thursday, the People’s Bank of China (PBOC) inaugurated an international operations centre for its central bank digital currency, the digital yuan (e-CNY) in Shanghai, according to a report from the South China Morning ￰1￱ Deputy Governor, Lu Lei, framed the move as part of a “historical inevitability” in payments innovation, with the aim of offering a more efficient, inclusive, and open global cross-border payment ￰2￱ initiative is intended to enhance settlement efficiency, and serve as building blocks toward a broader framework for e-CNY integration.

China's CBDC push comes in the wake of the country pulling the brakes on tokenization ￰3￱ this week, China's securities regulator warned some brokerages to pause their real-world asset (RWA) tokenization businesses in Hong ￰4￱ more: China Pumps the Brakes on RWA Businesses in Hong Kong: Reuters