According to Caixin, China may add 12 commercial banks to the digital yuan system, potentially expanding participation beyond the current 10 operators and widening support across national and regional lenders.
China may expand its digital yuan banking network by adding 12 commercial banks, according to Caixin. The reported additions include seven national joint-stock banks and five regional city commercial banks, which would raise the number of participating banks beyond the current 10 operators. Existing participants handle wallet opening, exchange, payments, and daily operations for the digital yuan system, so the move would broaden institutional support for China’s central bank digital currency.