China Mandates Safe Digital Renminbi Cross-Border Blockchain Infrastructure Development in Shanghai
2026-06-20 10:13

Woofun AI reports that six key Chinese regulatory bodies, including the People's Bank of China and the Shanghai Municipal People's Government, jointly issued the 'Offshore Financial Action Plan for the Development of Shanghai International Financial Center.' The directive mandates the construction and operation of digital renminbi cross-border, offshore, and blockchain infrastructure, strictly adhering to principles of safety and controllability. This strategic move aims to facilitate steady interconnection with overseas financial systems while expanding digital currency applications in offshore business scenarios.

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