Guangzhou Digital Currency 2.0 Plan Released: Explore and Promote Digital RMB as a Unified Payment Method for Prepayment in the City

The Financial Office of the Guangzhou Municipal Party Committee recently issued the "Action Plan on Further Promoting the Work of Digital RMB in Guangzhou" (referred to as the "Digital Currency 2.0 Plan"). The "Action Plan" clarifies the main tasks of the pilot work from seven aspects. First, to further give play to the functions of the member units of the Guangzhou Digital RMB Work Leading Group. Each unit formulates work plans for innovating and promoting the application scenarios of digital RMB around their areas of responsibility, and implements no less than one application scenario in their areas of responsibility. Second, to explore and promote the use of digital RMB as a unified payment method for prepayment in the city. Third, to vigorously build various types of digital RMB application demonstration areas. Fourth, to further enrich and improve the application scenarios in the field of digital RMB transportation. Fifth, to promote innovative digital RMB application scenarios in the port and shipping field. Sixth, actively promote the application of digital RMB in cross-border transfer and other businesses. Actively promote the digital RMB operating institutions and related enterprises in Guangzhou to participate in the pilot test of the digital currency bridge of multilateral central banks. Guangzhou Commodity Exchange Commodity Trading Platform, Guangzhou Shipping Trading Company Guangzhou Shipping Trading Platform to implement digital RMB applications. Seventh, vigorously enhance the basic strength of the digital RMB industry.