China's Major Banks to Pay Interest on Digital Yuan Wallets

China's Major Banks to Pay Interest on Digital Yuan Wallets

The post China’s Major Banks to Pay Interest on Digital Yuan Wallets appeared on BitcoinEthereumNews.com. Key Points: China’s six state-owned banks to pay interest on digital RMB wallets from 2026 as per PBOC’s new framework. Impacts real-name wallets, integrating into bank deposit frameworks. BOCOM excludes Type IV wallets from this initiative. Starting January 1, 2026, six major Chinese state-owned banks will begin accruing interest on digital…

China Breaks CBDC Orthodoxy: Digital Yuan to Pay Interest Starting 2026 – BeInCrypto

China’s digital yuan entered a new era on January 1, 2026, as wallet balances began accruing interest at demand deposit rates. The move marks a decisive break from the prevailing global consensus that central bank digital currencies should remain non-interest-bearing. The European Central Bank, Federal Reserve, and Bank for International Settlements have long championed this...

China’s Digital Yuan Breaks Global CBDC Norms by Introducing Interest-Bearing Wallets

Chinas digital yuan (e-CNY) entered a new phase on January 1, 2026, as verified wallet balances began accruing interest at demand deposit rates. This policy marks a major departure from the dominant global view that central bank digital currencies (CBDCs) should be non-interest-bearing and function purely as digital cash. While institutions like the European Central Bank, the US Federal Reserve, and the Bank for International Settlements have co…

Bank of China to Pay Interest on Digital Yuan Wallets

The People's Bank of China requires interest payments on digital yuan wallets from 2026.