Central Bank: Build and operate digital yuan cross-border, offshore, and blockchain infrastructure under the premise of safety and controllability

Mars Finance News: The People’s Bank of China, the National Development and Reform Commission, the Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Shanghai Municipal People’s Government issued the Action Plan for the Development of the Shanghai International Financial Center for Offshore Finance, which states that, by relying on the Digital Renminbi International Operations Center, and under the premise of safety and controllability, efforts will be made to build and operate digital renminbi cross-border, offshore, and blockchain infrastructure; to steadily advance interconnectivity with offshore financial infrastructure; and to steadily promote the application of digital renminbi in offshore business and expand relevant use cases and scenarios.
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