The Digital RMB International Operations Center has officially commenced operations in Shanghai, introducing three key business platforms: a cross-border digital payment platform, a blockchain service platform, and a digital asset platform. These platforms aim to enhance cross-border payment efficiency, provide standardized cross-chain transaction services, and support the integration of financial infrastructure into blockchain-based operations. This development follows the announcement by Pan Gongsheng, Governor of the People's Bank of China, at the Lujiazui Forum in June, emphasizing the internationalization of the digital RMB.
At a recent promotional event, Lu Lei, Deputy Governor of the People's Bank of China, highlighted the principles of "no loss, compliance, and interoperability" as foundational for the cross-border digital currency infrastructure. The center is expected to play a crucial role in facilitating cross-border trade, investment, and financing, aligning with the strategic focus on digital RMB applications discussed at the People's Bank of China's Shanghai headquarters meeting.
Digital RMB International Operations Center Launches in Shanghai
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