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PBoC Supports Provinces Along Western Land-Sea New Passage in Multilateral CBDC Bridge Project

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The People's Bank of China (PBoC) announced increased support level for provinces along the Western Land-Sea New Passage, encouraging their participation in the multilateral CBDC bridge project. At a press conference on December 25, Wang Xin highlighted the initiative’s alignment with digital and green finance trends. The plan includes on-chain data integration to improve cross-border payment efficiency and supports green finance cooperation through the China-Singapore working group mechanism.
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