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WebApr 13, 2024 · China’s launch of its digital yuan begins a new era in payments, making China the first major economy to deploy its own CBDC. After six years of research and development, the Chinese government announced its testing of the digital yuan (called e-CNY) within its digital currency electronic payment (DCEP) system. WebPostal Savings Bank of China Co., Ltd. also known as PSBC is a commercial retail bank founded in 2007 and headquartered in Beijing. It provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of December 31, 2024, PSBC has 39,798 branches covering all regions of China.. PSBC was set up with … pre furnished condos
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