Express

Salaries Will Be Paid With DC/EP In China's Four Cities

Summary: The People's Bank of China (the country's central bank) is going to conduct the initial pilot for the DCEP (Digital Currency/Electronic Payment) in Shenzhen, Chengdu, Xiong'an and Suzhou. From this month, salaries and subsidies for some government agencies and public institutions in the above cities will be distributed through DC/EP, Bjnews reported on April 20. ...

The People's Bank of China (the country's central bank) is going to conduct the initial pilot for the DCEP (Digital Currency/Electronic Payment) in Shenzhen, Chengdu, Xiong'an and Suzhou. From this month, salaries and subsidies for some government agencies and public institutions in the above cities will be distributed through DC/EP, Bjnews reported on April 20.

Tracy Chen

Last Update:

Tags:
Link: Salaries Will Be Paid With DC/EP In China's Four Cities   [Copy]
  • Why a "One-Size-Fits-All" Approach to Stablecoin Issuance Fails Given Diverse Fiat Curr... 5 hours ago
  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 5 days ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 6 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 17 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 18 days ago
  • You need to login to comment.