📣 3 Chinese Cities Paying Taxes And Charges With Digital Yuan
Published in
May 3, 2022
👉 China has expanded its Central Bank Digital Currency (CBDC) pilot program to include the payment of tax, stamp duty and social security.
👉 Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s #CBDC.
👉 The Zhejiang Taxation Bureau is working with the People’s Bank of China (PBoC) to explore a variety of taxation payment methods using the digital yuan.
👉 The PBoC and affiliated local government agencies are reportedly looking to the next major test for the digital yuan, the Asian Games, which will take place in #Hangzhou in September.
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