Crypto Currency Tracker logo Crypto Currency Tracker logo
cryptonews 2023-05-17 01:00:00

Hunan Province, China, Debuts Digital Yuan Loans for Small Businesses – Another CBDC First?

Hunan Province, China, has debuted new digital yuan loans for tech startups – with Beijing keen to explore more central bank digital currency (CBDC) financing options. Per the Changsha Evening News, via JDZ, three startup founders became the first people to be awarded CBDC loans from the state-owned Bank of Communications. In a first for the Bank of Communications and the province, around $87,000 in digital yuan tokens was granted as loans on May 12.... Read More: Hunan Province, China, Debuts Digital Yuan Loans for Small Businesses – Another CBDC First?

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.