China's digital yuan to become interest-bearing next year, state broadcaster says
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China's digital yuan (e-CNY) will start earning interest from January 1, 2024, becoming the world's first interest-bearing central bank digital currency, according to state broadcaster CCTV. This move aims to enhance user adoption and expand usage scenarios, solidifying China's leadership in central bank digital currencies. Currently, e-CNY usage is limited, but the People's Bank of China is promoting its digital currency through a global operation center in Shanghai and plans to issue an action plan for its management.
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