China's Central Bank Onboards 26 Institutions to CBETS Digital Yuan Settlement Network on Tuesday

According to local reports, on Tuesday, China's Central Bank onboarded 26 domestic and foreign institutions to CBETS, its cross-border e-CNY Transfer Services platform. The institutions, primarily Chinese bank branches operating in Brazil, Qatar, Thailand, Hong Kong, and Macau, will enable clients to settle cross-border transactions using the digital yuan, China's central bank digital currency (CBDC).
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