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China Looks to Add Digital Yuan Functionality to Social Security Cards

China may add digital yuan functionality to government-issued social security cards, in a possible new breakthrough for the central bank digital currency (CBDC). Per the 21st Century Business Herald (via NBD), the Minist...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

China Looks to Add Digital Yuan Functionality to Social Security Cards
China may add digital yuan functionality to government-issued social security cards, in a possible new breakthrough for the central bank digital currency (CBDC).
Per the 21st Century Business Herald (via NBD), the Ministry of Human Resources and Social Security wants to “explore and promote” ways to “add digital yuan payment functions” to social security cards.
Existing plastic social security cards already have smartcard functionality, with bank card-like chips....
Read More: China Looks to Add Digital Yuan Functionality to Social Security Cards

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