People's Bank of China to Expand Digital Yuan in Free Trade Zones
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币界网报道：The People's Bank of China (PBOC) plans to expand the use of digital yuan in free trade zones to facilitate cross-border transactions and boost international trade. The central bank aims to integrate the digital currency with existing financial infrastructure, allowing businesses to conduct seamless transactions without intermediaries. PBOC officials stated that this move will enhance efficiency, reduce costs, and strengthen the yuan's global competitiveness. Trials are already underway in select zones, with plans for broader implementation pending regulatory approvals. The initiative aligns with China's broader strategy to promote fintech innovation and digital economic growth.
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