HSBC China Branch Now Offers Digital Yuan Services to Businesses
CryptoNewsTerminal Staff10 Jun, 2024
HSBC China Branch Now Offers Digital Yuan Services to Businesses
HSBC's China branch is offering digital yuan services to businesses, The Block reported. This makes HSBC the first foreign bank in China to provide digital yuan services to both individuals and businesses.
Through six HSBC branches in China, businesses will be able to link their accounts with digital yuan accounts to manage their assets. This move by HSBC is seen as a significant step in the adoption of digital yuan by businesses in China.
