02-25 19:15 Wednesday
Agricultural Development Bank of China (ADBC) Shanghai Branch: Starting February 25th, digital RMB related services will be available to corporate clients.
According to the latest news from the Shanghai Branch of the Agricultural Development Bank of China (ADBC), in order to actively respond to national policy decisions, support the development of the digital yuan, and enhance customer service capabilities, the bank launched digital yuan-related services for corporate clients starting February 25th. Regarding the business positioning, the ADBC Shanghai Branch stated that its digital yuan business follows the "two-tier architecture" operating model of the People's Bank of China, providing digital yuan circulation services to customers. Business operations strictly comply with the People's Bank of China's regulations on RMB corporate bank settlement accounts and anti-money laundering and counter-terrorism financing, ensuring fund security and compliant operation.
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