Chinese investors have invested $188 million into central bank digital currency (CBDC) technology following the People's Bank of China's (PBoC) announcement of interest-accruing digital yuan wallets. Lakala, a prominent third-party payment company, secured nearly a third of this funding. The PBoC's action plan for 2026–2030 will allow banks to manage digital yuan wallet balances autonomously starting January 1, 2026.
As regulatory policies are expected to tighten, digital yuan transactions have surged, reaching $2.38 trillion by November, with 3.48 billion transactions and 230 million wallets opened. This significant investment and policy shift underscore China's commitment to advancing its digital currency infrastructure.
Chinese Investors Inject $188M into CBDC Tech Following PBoC Policy Shift
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