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China Launches Digital Yuan Operations Center to Accelerate CBDC Adoption
China Launches Digital Yuan Operations Center to Accelerate CBDC Adoption
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BTCCSquare news:
China has discreetly advanced its central bank digital currency ambitions with the establishment of an international operations hub for the digital yuan. The People's Bank of China unveiled the Shanghai-based center, framing it as a strategic MOVE to reshape global cross-border payments through enhanced efficiency and financial inclusion.
The initiative coincides with Beijing's broader crackdown on tokenization ventures, as regulators recently instructed Hong Kong-based brokerages to halt real-world asset tokenization services. This dual approach underscores China's selective embrace of blockchain innovation while maintaining tight control over decentralized financial experiments.
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