China Launches Deposit-Based Digital RMB with Blockchain Integration Under 2026 Action Plan

TLDR: Digital RMB transitions from cash to deposit money model under Action Plan effective January 1, 2026 Two-tier architecture integrates e-CNY into reserve requirements with deposit insurance protections Hybrid system combines account management with blockchain through smart contracts and coin strings mBridge platform processed 4,047 cross-border transactions with e-CNY at 95.3% of total volume China’s [...]

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