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China Agricultural Development Bank, Shanghai Branch: Digital RMB Services for Corporate Clients to Launch on February 25
Svmuu News: According to the latest announcement from the Shanghai Branch of the China Agricultural Development Bank, in order to actively respond to national policy directives, support the development of the digital yuan, and enhance its customer service capabilities, the bank will begin offering digital yuan-related services to corporate clients starting February 25.Regarding the business positioning, the Shanghai Branch of the China Agricultural Development Bank stated that its digital yuan services adhere to the “two-tier architecture” operational model (People's Bank of China (PBOC)) to provide digital yuan circulation services to clients. All operations strictly comply with the regulations on RMB unit bank settlement accounts (People's Bank of China (PBOC)) as well as anti-money laundering and counter-terrorist financing requirements to ensure fund security and compliant operations. (Jin Shi)
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