China’s Central Bank includes eight banks as digital yuan operators

The People’s Bank of China, on Monday, announced that it has added eight banks to its list of authorized institutions for digital yuan operations.
The newly added operators, including Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha, Guangxi Beibu Gulf Bank, will be linked to the central bank’s digital yuan system.
The move, according to the State Council of the People’s Republic of China, aims to improve the inclusiveness of digital yuan services and meet public demand for secure, convenient and efficient digital yuan services, according to the People’s Bank of China.
“They will start offering digital yuan services a...