China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product


Source: blockchain.news blockchain.news

Key Topics in this News Article:

News Snapshot:

China Central Bank Releases Digital CNY Smart Contract Prepaid Fund Management Product Annie Li Sep 08, 2022 08:30 2 Min Read According to the China Financial Association, the Digital Currency Research Institute of the People's Bank of China has launched a digital renminbi smart contract prepaid fund management product - "Yuanguanjia". The product was launched to the public across the country at the 2022 Second China (Beijing) Digital Finance Forum held on September 8. It aims to provide users with prepaid consumption service scenarios by deploying smart contracts on digital RMB wallets. A solution to prevent merchants from misappropriating funds...