Tuesday, 16 June, 2026
Beijing Installs Digital Yuan Rails to Bypass SWIFT
By TechShots Studio
China's digital yuan international operation centre has signed direct participant agreements with 26 financial institutions in Shanghai. The expansion aims to establish low-cost, highly efficient cross-border digital payment infrastructure for the e-CNY. By integrating these institutions, Beijing is actively accelerating the global adoption of its sovereign digital currency, offering an alternative network to the traditional, Western-dominated SWIFT system.
Read full story at REUTERS