Shanghai’s Digital RMB Promotion Plan – Expanding Use Cases in Key Sectors

According to BlockBeats, on September 13, the General Office of the Shanghai Municipal People’s Government recently issued the “Shanghai High-quality Promotion of the Construction of a Global Financial Technology Center Action Plan”. It mentioned that the research and development and application of digital RMB will be further promoted. Actively connect with the People’s Bank of China, support the construction of digital RMB functional entities in Shanghai, and promote the development of relevant institutions of the Digital Currency Research Institute in Shanghai. Continue to expand the coverage and scale of digital RMB in key areas such as consumption, transportation, government affairs, and medical care in the city. Promote the innovative application of digital RMB in financial markets, digitalization of shipping and trade, cross-border payments and other fields, promote the application of digital RMB in value models, and explore building Shanghai into a global financial Internet (Finternet) highland.

source