Programmable money enters the spotlight as China expands e-CNY pilot

China is accelerating the international rollout of its digital yuan, shifting focus from retail trials to programmable, cross-border use cases. As treasurers weigh the strategic implications, new pilots and infrastructure moves suggest the e-CNY may soon play a more central role.
Programmable money enters the spotlight as China expands e-CNY pilot

China is stepping up efforts to expand the reach of its central bank digital currency (CBDC), with a new push into corporate and cross-border applications that could reshape how treasurers manage payments, liquidity, and compliance in the mainland and beyond.

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