Economy· August 17, 2026 at 12:50 p.m.
China's Central Bank Expands Digital Yuan Network
Key takeaways
- China's central bank has added eight more banks to its digital yuan network
- The move is part of China's efforts to digitize its currency
China's central bank has expanded its digital yuan network by adding eight more banks to the initiative. The move is part of China's efforts to digitize its currency and compete with other global digital payment systems. The new additions bring the total number of participating banks to 14.