China to Challenge US Dollar Dominance with Digital Yuan
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最新报道：China has launched a digital yuan international operations center in Shanghai to challenge the U.S. dollar's dominance. The People's Bank of China will oversee cross-border payments and blockchain services through the hub, which aims to improve global payment infrastructure with "open, inclusive and innovative solutions." This marks a key step in China's CBDC internationalization strategy, leveraging blockchain for traceability while maintaining centralized control. The PBOC is also collaborating with central banks of Hong Kong, Thailand, UAE, and Saudi Arabia on a cross-border cryptocurrency payment platform.
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