Hunan Province, China, has debuted new digital yuan loans for tech startups – with Beijing keen to explore more central bank digital currency (CBDC) financing options.
Per the Changsha Evening News, via JDZ, three startup founders became the first people to be awarded CBDC loans from the state-owned Bank of Communications.
In a first for the Bank of Communications and the province, around $87,000 in digital yuan tokens was granted as loans on May 12….
Read More: Hunan Province, China, Debuts Digital Yuan Loans for Small Businesses – Another CBDC First?