Today news
About the same in other media
China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending
Reading now: 572
Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending.
Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital yuan-paying customers.
Haikou is also known as Coconut City and before the coronavirus pandemic welcomed some 83 million visitors a year.
The giveaway is the brainchild of three of the nation’s biggest state-owned banks, the Industrial and Commercial Bank of China, the Bank of China, and the Agricultural Bank of China.
Read more on cryptonews.comAbout this in other media
Nepal, India express commitment to implementing bilateral initiatives for strengthening cross-border connectivity economictimes.indiatimes.com /3 months ago
Domestic Exchanges Account for 99.7% of Brazilian Cross-border Crypto Trades – Central Bank cryptonews.com /3 months ago
Number of Chinese CBDC-related Criminal Cases on the Rise cryptonews.com /3 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
