Crypto
China steps up digital yuan expansion, puts steady rollout in next five-year plan
The People\'s Bank of China has formalised a policy to develop the digital yuan steadily over the next five years, naming it a key task in its 15th five-year reform and development plan. The plan puts the digital yuan among priorities for financial infrastructure and central bank services reform, alongside payment-system improvements and tighter anti-money laundering rules. It also sets out steps to expand cross-border use, build payment networks and develop offshore yuan markets.
