China plan bolsters cross-border funds, digital yuan By Reuters

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© Reuters. FILE PHOTO: An indication indicating digital yuan, additionally known as e-CNY, is pictured at a shopping center in Shanghai, China Could 5, 2021. REUTERS/Aly Track

SHANGHAI (Reuters) – China will strengthen its cross-border yuan funds system and discover organising infrastructure requirements for a digital fiat foreign money as a part of a five-year plan for monetary standardization.

The plan, to be carried out throughout the 2021-2025 interval, was revealed by 4 authorities companies together with China’s central financial institution and the securities watchdog on Tuesday, however was dated Nov. 25, 2021.

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