People's Bank of China shifts digital yuan from cash to deposit model
People's Bank of China issued regulatory framework change on January 1, 2025.
- Primary
- People's Bank of China
- Structure
- regulatory framework change
- Date
- January 1, 2025
- Sub-sector
- Crypto / Digital Assets
PBOC reframes digital yuan as bank deposits to prevent financial disintermediation risks posed by cash-like circulation outside deposit system.
Source: cointelegraph.com