Chinese firms, banks, and city governments are using the digital yuan to recycle gold and pay land registry fees as CBDC adoption efforts continue.
Per the fiance-focused media outlet JRJ, the Shenzhen Branch of the central People’s Bank of China (PBoC) has teamed up with the Shanghai Gold Exchange on the CBDC-powered gold recycling project….
Read More: China Uses Digital Yuan to Recycle Gold, Pay Land Registry Fees