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Cryptocurrency News

Residents of 3 Chinese cities paying taxes and charges with digital yuan

04/29/2022

Less than a minute

2022.04.29 09:26

Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency — the digital yuan (e-CNY).

According to a domestic news report, a number of government agencies in the Zhejiang province — located just south of Shanghai — are currently running real world trials programs that involve citizens using the digital yuan to pay taxes.

Source

04/29/2022

Less than a minute