Hunan Province, China, Debuts Digital Yuan Loans for Small Businesses – Another CBDC First?
Hunan Province, China, has debuted new digital yuan loans for tech startups – with Beijing keen to explore more central bank digital currency (CBDC) financing options. Per the Changsha Evening News, via JDZ, three startu...
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Per the Changsha Evening News, via JDZ, three startup founders became the first people to be awarded CBDC loans from the state-owned Bank of Communications.
In a first for the Bank of Communications and the province, around $87,000 in digital yuan tokens was granted as loans on May 12....
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