China adds 8 banks to digital yuan network as operator count hits 30

The newly authorized lenders will begin offering e-CNY services after completing operational and technical preparations.

China’s central bank has added eight banks to its digital yuan network, bringing the number of e-CNY operating institutions to 30. 

The People’s Bank of China (PBOC) added Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha and Guangxi Beibu Gulf Bank, according to a Xinhua report published Monday on the government’s website.

The banks will be connected to the PBOC’s digital yuan system and begin offering services after completing operational and technical preparations. 

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Source: https://cointelegraph.com/news/china-adds-8-banks-to-digital-yuan-network-as-operator-count-hits-30?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound