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The People's Bank of China Launches Digital Renminbi Cross-Border, Offshore, and Blockchain Infrastructure
According to ChainCatcher, the People's Bank of China, the National Development and Reform Commission, the China Securities Regulatory Commission, and other government agencies released the "Shanghai International Financial Center Offshore Financial Development Action Plan." The plan calls for the construction and operation of digital renminbi cross-border, offshore, and blockchain infrastructure under the digital renminbi international operation center, while ensuring security and controllability. This initiative aims to promote interoperability with overseas financial infrastructure and expand the use of digital renminbi in offshore transactions.