Highlights
China has seen a new PBOC action plan to accelerate development of the digital yuan.
Deputy Governor Lu Lei said the central bank will retain full control and oversight of the digital currency.
The plan aims to standardize digital RMB issuance across China’s payment system.
China will accelerate the development of the Central Bank Digital Yuan currency. This comes amid the release of the new action plan that has been approved. All stages will begin in 2026.
PBOC Shares 2026 Timeline for Digital Yuan
The People’s Bank of China has issued a formal document entitled “Action Plan on Further Strengthening the Construction of Digital RMB Management Service System and Related Financial Infrastructure.” According to a statement from PBOC, this act shall be effective from 1st January 2026.
