Agricultural Development Bank of China Shanghai Branch: Starting February 25th, launching digital yuan-related services for corporate clients

Odaily According to the latest news from the Agricultural Development Bank of China Shanghai Branch, in order to actively respond to national policy decisions, support the development of the digital yuan, and enhance customer service capabilities, the bank will launch digital yuan-related services for corporate clients starting February 25th. Regarding the business positioning, the Agricultural Development Bank of China Shanghai Branch stated that the digital yuan business it conducts follows the People's Bank of China's "two-tier operational structure" model, providing customers with digital yuan circulation services. Business operations strictly comply with the People's Bank of China's regulations on RMB corporate bank settlement accounts, anti-money laundering, and counter-terrorist financing to ensure fund safety and compliant operations. (Jin10)