CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
cryptonews 2023-06-30 01:00:00

China Looks to Add Digital Yuan Functionality to Social Security Cards

China may add digital yuan functionality to government-issued social security cards, in a possible new breakthrough for the central bank digital currency (CBDC). Per the 21st Century Business Herald (via NBD), the Ministry of Human Resources and Social Security wants to “explore and promote” ways to “add digital yuan payment functions” to social security cards. Existing plastic social security cards already have smartcard functionality, with bank card-like chips.... Read More: China Looks to Add Digital Yuan Functionality to Social Security Cards

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.