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PBOC Supports Participation in Multilateral CBDC Bridge Project

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The People's Bank of China (PBOC) announced support for cities along the Western Land-Sea New Passage to join the multilateral CBDC bridge project, aiming to boost cross-border payments. The move aligns with the 'Opinions on Financial Support' that emphasize digital and green finance. Among altcoins to watch, the support level for blockchain-based solutions is rising. The PBOC also highlighted deeper collaboration in green finance standards and technology under the China-Singapore working group.
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