The People’s Bank of China (PBOC) has highlighted the utilization of the digital yuan, China’s central bank digital currency (CBDC), and blockchain technology as part of its 2025 strategy. In a post summarizing the issues touched on as part of the new year’s meeting, the Shanghai headquarters of the PBOC remarked that, as part of its policy to improve the level of financial management and services, it would “steadily promote the development and application” of its CBDC, hinting at a deeper integration of this payment method in various state dependencies. In the same way, the bank also revealed it would use “blockchain technology to achieve one-stop online processing of cross-border electronic tax payment business.”

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