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Chinese Central Bank Adds 8 Banks as Digital Yuan Operators
The People's Bank of China, the central bank, added eight banks to the list of institutions authorized to operate the digital yuan, bringing the total number to 30 institutions. This move aims to enhance the inclusiveness of digital currency services and to provide the public with secure, convenient, and efficient services. The new banks, including Ping An Bank, Hangzhou Bank, Shanghai Bank, and others, will be connected to the digital yuan system, which will begin offering services after completing technological and operational preparations.
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