China's central bank adds 12 banks as digital yuan operators

DUBAI 21°CGOLD/FOREXPRAYER TIMESNEWSLETTERSLOGIN GOLD/FOREXDUBAI 21°CPRAYER TIMES BUSINESSBUSINESSBANKING & INSURANCEAVIATIONPROPERTYTAX NEWSCORPORATE TAXANALYSISTRAVEL & TOURISMMARKETSRETAILCORPORATE NEWSTECHAUTO Business / Banking & InsuranceChina's central bank adds 12 banks as digital yuan operatorsMore operators enlisted to spur innovation in China's digital currency BEIJING: China's central bank announced Thursday that it has added 12 banks to its list of authorized institutions for digital yuan operations, Xinhua News Agency reported. The move aims to promote the steady development of the digital currency, improve the inclusiveness of its services, and meet public demand for secure, convenient and efficient digital yuan services, according to the People's Bank of China. The newly added operators, including China CITIC Bank, China Everbright Bank and Huaxia Bank, will be linked to the central bank's digital yuan system. They will begin offering digital yuan services after completing operational and technical preparations. The central bank said it will continue to expand the number of operators in order to encourage broader market participation and support innovation. Peso slips beyond 16.5 vs dirham. Remit now? Qatar offers loan deferrals amid regional unrest Dubai gold jumps after dip, buyers return Dubai 24K gold slips below Dh600, lowest in a month