The post China’s PBOC Extends Interest to Digital Renminbi Balances appeared on BitcoinEthereumNews.com.

Key Points: Interest-bearing digital renminbi will begin on January 1, 2026. Chinese banks will treat digital renminbi similarly to traditional savings accounts. Industry leaders endorse the policy for its strategic significance. Lu Lei, Deputy Governor of the People’s Bank of China, announced interest will be paid on digital renminbi wallet balances under new management system effective January 1, 2026. This initiative enhances asset-liability management, encourages banks’ involvement, and positions digital renminbi as a deposit-like instrument, potentially boosting adoption. Key Developments, Impact, and Reactions Chinese banks will offer interest on digital renminbi similar to traditional savings accounts. This aligns with enhancing digital currency’s role, encouraging widespread use. Banks gain flexibility in managing these balances, assured by deposit insurance, while non-bank institutions see parity in regulatory treatment. Responses have been positive among industry leaders, recognizing the strategic significance of this policy. Wu Wei, Shanghai’s Executive Vice Mayor, praised the initiative at the e-CNY International Operation Center, foreseeing a strengthened financial center role. With no impact reports on major cryptocurrencies or tokens, broader market effects remain speculative. “The upgrading and evolving of the monetary and payment systems in the digital era is a historical inevitability. The PBOC is committed to providing open, inclusive, and innovative solutions to improve the global cross-border payment system.” — Lu Lei, Deputy Governor, People’s Bank of China Digital Renminbi’s Potential for Global Financial Integration Did you know? The People’s Bank of China’s recent policy parallels historical shifts in the digital currency landscape, potentially driving the e-CNY towards internationalized financial integration. Ethereum (ETH) trades at $3,015.79 as of December 29, 2025, with a market cap of $363.99 billion, marking a 2.62% increase over 24 hours, according to CoinMarketCap. Despite recent declines, the 60-day period saw a notable -23.36%. Crypto valuation may fluctuate, but tangible gains echo the digital industry’s…

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Filed under: News - @ December 29, 2025 7:22 am