The bank will explore the potential of e-CNY in cross-border merchant payments, trade financing, and supply chain financing as part of the pilot
On November 27, British multinational bank Standard Chartered announced its participation in the pilot testing program of China’s central bank digital currency (CBDC) known as the digital Yuan (e-CNY or digital RMB). This move makes Standard Chartered the first foreign bank to engage with the country’s CBDC.
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