Digital Yuan Used For The First Time In The Futures Market!

The digital Yuan was used for the first time in the futures market. A delivery warehouse was paid in Digital Yuan.

Central bank of China's digital currency has been used for the first time in a "futures market". A payment was made to a delivery warehouse in Dalian, China, as a “storage fee”. This marks the first time the Digital currency has been used in the local futures market. Yesterday (August 23, 2021), the Chinese local news outlet China Securities Journal reported that Dalian Commodity Exchange made the payment to Dalian Liangyun Group Storage and Transportation Co. Ltd. in Digital Yuan. Local branches of the Bank of Communication and the Dalian branch of the People's Bank of China assisted in the transaction. According to the news, interbank payment using e-CNY provided a cost-free, efficient and convenient payment option in real time. By the start of 2021, the e-CNY pilot had been tested in several key cities in the country, including China's Xiong'an region and the city of Shenzhen. However, China is confusing everyone with its drastic measures against cryptocurrency mining, as well as attracting attention with the development of its digital currency, the Digital Yuan.