Monday, 12 October 2020 08:44

The PBoC’s Digital Currency Research Institute and City Commercial Banks Clearing Co. Ltd Sign Cooperation Agreement

The PBoC’s Digital Currency Research Institute signed a strategic cooperation agreement with City Commercial Banks Clearing Co. Ltd (城银清算服务有限责任公司) on September 28th. The two parties have agreed to cooperate on digital currency application projects. As one of the main financial infrastructure providers in the payment and clearing field, City Commercial Banks Clearing provides small and medium-sized financial institutions with one-point access services. The next step will see City Commercial Banks Clearing offering commercial and private banks a one-point access service to the digital currency interconnection platform

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