The People's Bank of China (PBOC) has issued revised business rules for the Cross-Border Interbank Payment System (CIPS), effective February 1, 2026. The updated regulations now include the Digital Currency Research Institute as a notified entity, reflecting the growing integration of digital currency frameworks within traditional financial systems.
The new rules cover on-chain data and settlement methods, supporting real-time gross settlement, payment versus payment (PvP), delivery versus payment (DvP), and cross-border RMB transactions. This update replaces the previous 2018 version and provides a comprehensive outline of the CIPS operational structure, aiming to enhance efficiency and security in cross-border transactions.
PBOC Updates CIPS Rules to Include Digital Currency Research Institute
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
