Hualiaca Bank issues 637 million bonds in digital yuan
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Huaxia Bank has joined China's Calicut Central Digital Currency (CBDC) at a discount of $637 million. This bond issuer demonstrates the practical use of botaron technology in China's regulated financial markets.
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A major government-owned Chinese lender has invested $637 million in an approved bond denominated in the digital yuan. The transaction was carried out by a subsidiary of Huaxia Bank.
The digital yuan, operated by the People's Bank of China, enables a real-time, on-chain transaction through a bond replenishment process and a simplified blockchain. The cut shows the applicability of the entry technology in real-world financial transactions within the framework of China's ruling digital asset.
Chinese banks are available in real time, transferring initial operations in the entry process
In China, state-owned financial institutions are developing blockchain technology and digital yuan for the license of the financial sector.
Although the central bank of China encourages the use of financial applications, the central bank of China maintains restrictions on armatures.
