Starting January 1, 2026, Chinese banks will pay interest on digital yuan (e-CNY) wallet balances, A major shift from "Digital Cash" to "Deposit Currency."
Why It Matters: → Competing with Alipay & WeChat Pay → Full deposit insurance protection → Cross-border pilots with Singapore, UAE, Saudi Arabia planned
This is NOT crypto, it's state-controlled digital money with full oversight. China leading the global CBDC race while banning crypto.
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🇨🇳 China's Digital Yuan to Pay Interest from 2026
Starting January 1, 2026, Chinese banks will pay interest on digital yuan (e-CNY) wallet balances, A major shift from "Digital Cash" to "Deposit Currency."
Why It Matters:
→ Competing with Alipay & WeChat Pay
→ Full deposit insurance protection
→ Cross-border pilots with Singapore, UAE, Saudi Arabia planned
This is NOT crypto, it's state-controlled digital money with full oversight. China leading the global CBDC race while banning crypto.