Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Beijing, September 25 (Xinhua) — The International Digital Yuan Operations Center has officially opened in Shanghai, China's financial hub, the People's Bank of China (PBOC) announced Thursday.
The initiative to open the center is among eight new measures announced by Central Bank Governor Pan Gongsheng in June at the Lujiazui Forum for implementation in Shanghai.
As the head of the People's Bank of China stated at the forum, this center is designed to promote the internationalization of digital currency and the development of financial market services, while simultaneously supporting innovation in the field of digital finance.
Along with the launch of the center, three main platforms were introduced, including a digital cross-border payments platform, a blockchain services platform, and a digital assets platform.
Tian Xuan, Director of the National Institute of Financial Research at Tsinghua University, noted that the launch of the center represents an important step in the development of the digital yuan.
“The center promotes China’s influence in the global financial system and provides China’s open, inclusive, and innovative solution to improving the global cross-border payments system,” Tian Xuan explained. –0–
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