China unveils new action plan for digital yuan management

PermabullPete · 2025-12-29T05:20:08+00:00

China's PBOC has unveiled an action plan for the digital yuan, effective January 1, 2026. The plan aims to enhance governance, incorporate the digital yuan into the financial system, and restructure its operational framework, transitioning to "Digital RMB 2.0."

PermabullPete

2025-12-29 05:20:08

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Source: CryptoBriefing Original Title: China unveils new action plan for digital yuan management Original Link: https://cryptobriefing.com/peoples-bank-launch-digital-yuan-plan-january/

Key Takeaways

The PBOC has issued an Action Plan to strengthen governance and infrastructure for the digital yuan.
The new framework and mechanism for digital yuan management will be effective from January 1, 2026.

China’s central bank, the People’s Bank of China (PBOC), has released an action plan for the digital yuan, setting January 1, 2026, as the start date for a revamped governance structure, operational model, and supporting ecosystem.

The digital yuan is China’s central bank digital currency, built for both retail and institutional payments. By November 2025, it had handled roughly 3.5 billion transactions, supported by active cross-border use through mBridge, a multi-CBDC platform enabling real-time, peer-to-peer international settlements using distributed ledger technology.

Lu Lei, Deputy Governor of the PBOC, said in a statement that the plan formally transitions the digital RMB from digital cash to digital deposit money, integrating it deeper into the financial system while keeping central-bank supervision and bank-level accountability.

The action plan is set to revise the measurement framework by including digital RMB balances in deposit reserves, imposing full-margin requirements on non-bank payment firms, and classifying wallets by liquidity. This codifies digital RMB as a commercial bank liability, completing the move toward “Digital RMB 2.0.”

The system architecture will combine accounts, token strings, and smart contracts, upgrading wallets to digital accounts, enhancing issuance and settlement automation, and strengthening the smart contract platform and open-source ecosystem.

The PBOC will establish a Digital RMB Management Committee and operate dual centers for domestic and cross-border systems, emphasizing security, continuity, and coordinated oversight as priority goals.

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RugResistant

· 6h ago

The central bank is messing around with digital yuan again. What new tricks can they come up with this time?

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GasWaster

· 6h ago

Digital Renminbi is causing trouble again. I wonder how long it will last this time?

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ChainMemeDealer

· 6h ago

Yang Ma is doing action again, can it really land this time?

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MevTears

· 6h ago

Here we go again, is the central bank about to take action on digital yuan? Will it really be usable this time?

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WalletManager

· 6h ago

The central bank is back with another move, upgrading digital currency infrastructure... By the way, private key management needs to be taken seriously. This thing involves national-level infrastructure, and stability depends on what on-chain data indicates.

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BlockchainBouncer