China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending

China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending

Source: Keitma/Adobe Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending. Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital yuan-paying customers. Haikou is also known as Coconut City and before the […]

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