On July 31, Shanghai announced an urban blockchain digital infrastructure system development plan aimed at strengthening the application of blockchain in the economy, public services and urban governance. This plan also promotes the coordination of blockchain network resources in the Yangtze River Delta region of China. At the same time, China is actively promoting the development and deployment of the Yuanverse and digital RMB, demonstrating its great importance to the development and application of emerging technologies.
In addition, China has also shown a positive attitude toward the development and deployment of the central bank’s digital currency, the digital renminbi. Jinan City began to promote the use of digital RMB in July this year and launched digital RMB payment functions on all bus routes.
