China expands digital yuan network with eight new banks

The People’s Bank of China has expanded its network of authorised institutions for the digital yuan by adding eight banks to the list. Announced on 17 August, the added banks include Ping An Bank, Hengfeng Bank, China Bohai Bank, Bank of Shanghai, Bank of Hangzhou, Huishang Bank, Bank of Changsha, and Guangxi Beibu Gu…