China
Digital Asset
China Overhauls Digital Yuan Infrastructure, Unveils Smart Contract System
- China's e-CNY Operation and Management Center unveiled an overhauled digital yuan infrastructure service system on October 21.
- Two key components were introduced: the PBOC-side digital yuan system 'DCEPS' and the 'e-CNY SMART Contract' ecosystem service system.
- Xinhua characterized the move as a comprehensive upgrade of the digital yuan infrastructure, though specifics on both systems remain limited.