China continues to make progress on the rollout of its central bank digital currency (CBDC) as multiple large multinational banks have recently signed on to support digital yuan services for their customers. On Monday, Standard Chartered announced that would begin participating in trials for the e-CNY, becoming one of the first foreign banks in the country to do so. The bank will facilitate digital yuan transactions through its partner City Bank Clearing Services Co., and its clients will be able to purchase, exchange, and redeem the e-CNY within their bank accounts. “As an international bank rooted in the Chinese ... (full story)