China
Block Media
China Overhauls Digital Yuan Payment Network — 'Interest-Bearing e-CNY' Now Extended to Cross-Border Payments
- The People's Bank of China's e-CNY Operation and Management Center unveiled the overhaul at the Digital Yuan Annual Conference during the '2026 Financial Street Forum' in Beijing, held on October 21.
- The revamp integrates the central bank's Digital Currency Electronic Payment System (DCEPS) with smart contract functionality and digital-asset services.
- Authorities plan to expand e-CNY use cases from corporate financing applications to cross-border payment settlement.