China Breaks CBDC Orthodoxy: Digital Yuan to Pay Interest Starting 2026
Yahoo Finance·2026-01-01 13:09

PIX is a payment method developed by the Central Bank of Brazil. Photo by BeInCrypto China's digital yuan entered a new era on January 1, 2026, as wallet balances began accruing interest at demand deposit rates. The move marks a decisive break from the prevailing global consensus that central bank digital currencies should remain non-interest-bearing. The European Central Bank, Federal Reserve, and Bank for International Settlements have long championed this principle as essential to financial stability. ...