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China's CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi

source-logo  coingape.com  + 2 more 29 July 2021 07:20, UTC

Chinese central bank is all keen on internationalizing the use of the national currency Renminbi (RMB) in the international market, and its central bank digital currency is a key step in this direction. The PBoC is confident that promoting the use of e-CNY will make RMB the world’s third-largest currency in terms of trade, settlements, and international reserves.

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