China’s central bank will introduce a new digital yuan framework on January 1, allowing commercial banks to offer interest on e-CNY holdings. According to PBOC deputy governor Lu Lei, the move transforms the digital yuan from digital cash into deposit-like money within the banking system.
The updated framework aims to accelerate adoption by granting the digital currency store-of-value features while enabling broader payment, circulation, and potential cross-border functionality under central bank oversight.
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