Rise in Chinese Citizens, Firms Using Digital Yuan to Pay Taxes
More Chinese citizens and firms are using the digital yuan, China’s central bank digital currency (CBDC), to pay their taxes, state organs, and government-owned banks have claimed. Per Xinhuanet, the claims were made by...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Per Xinhuanet, the claims were made by Hunan Province’s Tax Bureau, as well as the Changsha Central branch of the People’s Bank of China (PBoC)....
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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