Chinese Firms Can Now Make Digital Yuan Housing Fund Payments
10 months ago
24
Chinese firms can now use the digital yuan to pay into employee housing funds, as the nation’s banks look for new CBDC applications. Per the Guangzhou Daily (via the Guangzhou government’s website), the Guangzhou Housing Provident Fund Management Center has “launched digital yuan remittance services.” In China, housing provident fund policy requires employers to pay […]
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