BEIJING, Dec 29, 2025 (BSS/AFP) - China will on January 1 launch an "action plan" for boosting management and operations of its digital currency, a deputy governor of the country's central bank said Monday. "The future digital yuan will be a modern digital payment and circulation means issued and circulated within the financial system," People's Bank of China (PBoC) Deputy Governor Lu Lei wrote in Financial News, a media outlet under the central bank. The "action plan" will see banks pay interest on balances held by clients in digital yuan -- a move to incentivise broader adoption of the currency. The plan also includes a proposal to establish an international digital yuan operations centre in the eastern financial hub of Shanghai, the report said. The PBoC has been working on a digital currency since 2014 and has been testing the use of a "digital yuan" or "e-CNY" in various pilot programmes.

Source: Bangladesh Sangbad Sangstha December 29, 2025 06:55 UTC