Wu Blockchain (@WuBlockchain): Deputy Governor of the PBC Explains in Detail How Digital RMB and Blockchain Integrate:
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Deputy Governor of the PBC Explains in Detail How Digital RMB and Blockchain Integrate: The PBC deputy governor says China is advancing the digital RMB under a new Action Plan effective January 1, 2026, upgrading it from digital cash to a digital deposit money model. The e-CNY adopts a central bank–commercial bank two-tier architecture, integrates with reserve and deposit insurance systems, and follows an account-based framework compatible with blockchain and smart contracts. The approach aims to improve payment efficiency, support cross-border use, and strengthen risk control while serving the real economy. Read more https://wublock.substack.com/p/deputy-governor-of-the-pbc-explains?r=jbpop&utm_campaign=post&utm_medium=web&triedRedirect=true