China is using the digital yuan to recycle gold and pay land registry fees.
According to a report by the fiance-focused media outlet JRJ, the People’s Bank of China has teamed up with the Shanghai Gold Exchange and Jinyafu to develop a gold recycling platform.
Meanwhile, banks and real estate firms are collaborating on CBDC-powered land registry deals.
One city, Fuqing, has made the largest ever land registry fee payment in CBDC, according to JRJ.
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