Significant Development for CBDCs: First Securities Sale with Digital Yuan!

Launched by the People’s Bank of China (PBoC), the digital yuan was used for the first time in a security sale.

According to a report by Chinese local media digital yuan (e-CNY) Used for the first time in a security sale. issued by the People’s Bank of China. e-CNY by investors Soochow Securities It can be used to buy securities through the app.

Since the day it came out payment alternatives in many areas trying to create and digital central bank money (CBDC) For e-CNY users with status offline payment alternative also offers. On the other hand, the Chinese Government launched e-CNY for the first time last week. to cash circulation announced its inclusion.

According to a report by the Official Monetary and Financial Institutions Forum, countries around the world CBDC continue to develop and most central banks in ten years plans to issue a CBDC. Bahamas, Nigeria, East Caribbean and Jamaica Many countries have already started to export CBDC.

In the report published by the People’s Bank of China in October, the e-CNY trade volume exceeding $14 billion was specified.

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