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People's Bank of China Releases 2025 RMB Internationalization Report, Explores Digital Yuan in Cross-Border Payments

The People's Bank of China published the 2025 RMB Internationalization Report on Oct. 31, outlining progress and future plans for RMB globalization, BlockBeats reports. The report disclosed that 5 central banks or monetary authorities, including the People's Bank of China, have formally joined the multilateral Central Bank Digital Currency Bridge. The central bank said it will develop an autonomous and controllable RMB cross-border payment system, explore digital yuan applications in cross-border transactions, and strengthen regulatory oversight of cross-border RMB operations.
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