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Digital Yuan was used for the first time in securities transactions

According to the report of the state-owned financial publication China Securities Journal, Soochow, which is active in the field of securities, has enabled payment through digital yuan (e-CNY) for the first time for users of its mobile application. This is the first case of using this digital money to buy and sell securities in China.

According to Valx and quoted by Forkast, this new capability of Suzhou Company is provided in cooperation with Bank of China and allows investors to access structured wealth management products with the help of digital yuan.

The Central Bank of China (PBOC) calculates its national digital currency reserves in M0 [کل ارز در گردش با احتساب ذخایر بانکی و ارز فیات] The year 2022 was considered. According to the agency’s announcement on January 11, 13.61 billion digital yuan (equivalent to about 2 billion dollars) are in circulation during the pilot scheme of using this digital currency at the level of predetermined cities. This amount is equivalent to 0.13% of the total currency in circulation in China.

The article Digital Yuan was first used in securities trading. It was first published on Wallex blog. appeared.


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