Beijing legal digital currency pilot zone officially inaugurated

On October 23, at the 2021 Global Wealth Management Forum, the Beijing City Sub-center “Beijing Legal Digital Currency Pilot Zone” was officially unveiled. It is reported that with the strong support of the People’s Bank of China and Beijing Local Financial Supervision and Administration Bureau, the six state-owned banks of Industry, Agriculture, China, Construction, Communications, and Postal Savings Bank of China are actively launching the pilot application of the “Beijing Legal Digital Currency Pilot Zone” in the Beijing City Sub-center. And construction and promotion. At present, multi-dimensional digital RMB application scenarios have been created in key areas such as Beijing Universal Resort, Canal Business District, Wanda Plaza, Donglang Cultural and Creative Park, etc. Digital renminbi payment functions, while innovating digital renminbi payment and exchange methods, promoting smart wearable payment devices, accelerating the deployment of digital renminbi exchange machines, and realizing the convenience of exchange between domestic and foreign currencies and digital renminbi.

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