Chinese Bank Launches CBDC Bulk Commodity Clearing Service – Digital Yuan Adoption Accelerates?

Banks in China are looking to adopt the digital yuan in more of their operations, and have launched the nation’s first central bank digital currency (CBDC)-powered settlement service for bulk commodity spot clearing. Per JRJ, Industrial Bank, a Fuzhou-based joint-stock commercial bank, has launched the country’s first e-CNY settlement service for bulk commodity trading firms at the Shanghai Clearing House.... Read More: Chinese Bank Launches CBDC Bulk Commodity Clearing Service – Digital Yuan Adoption Accelerates?