Summary
[Central Bank: Short-term foreign residents in China can open digital renminbi wallets without a mainland bank account]On July 16, the People’s Bank of China’s digital renminbi R&D working group released a white paper on the development of China’s digital renminbi. The white paper pointed out that the public without bank accounts can enjoy basic financial services through digital renminbi wallets, and short-term overseas residents who come to China can open digital renminbi wallets without opening a bank account in mainland China to meet their daily payment needs in China. The “payment as settlement” feature of the digital renminbi is also conducive to enterprises and related parties while enjoying the convenience of payment, while improving the efficiency of capital turnover. (Interface News)
The central bank’s official website July 16 news, the Chinese peoplebankThe Digital RMB Research and Development Working Group released a white paper on the research and development progress of China’s digital RMB.The white paper states that there is nobankThe public with an account can enjoy basic financial services through a digital RMB wallet, and overseas residents who come to China for a short time can open an account in Mainland China.bankOpen a digital renminbi wallet in the case of an account to meet the daily payment needs in China. The “payment as settlement” feature of the digital renminbi is also conducive to enterprises and related parties while enjoying the convenience of payment, while improving the efficiency of capital turnover.
(Article Source: Interface News)
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