China allows residents of 3 major cities to pay taxes with digital yuan

Residents of the three major cities of China can pay taxes stamp duty And social security premiums can be obtained using the country’s central bank digital currency, the “Digital Yuan (e-CNY)”.

according to reportsThe news in the country stated that A number of government agencies in Zhejiang Province which is south of Shanghai Running a real-world experimental project. It involves citizens using digital yuan to pay their taxes, with cities such as Hangzhou, Shaoxing and Jinhua already launching digital yuan tax payment solutions.

Zhejiang Tax Office It is working with the country’s central bank – the People’s Bank of China (PBoC) – to explore a variety of tax payment methods using digital yuan.

The PBoC and its affiliated local government agencies are looking at the next major test for the digital yuan, the Asian Games, which will take place in Hangzhou in September. Local authorities claim that the digital yuan can be used to flexibly calculate tax-related activities.

Meanwhile, FJSEN reportThat, as of April 26, the digital yuan has become a payment option at the exits of 12 highway toll stations in Fuqing, one of the pilot areas.

China National Radio alsoreportwith supermarkets and department stores in Guangzhou, includingGuangzhou Friendship Department Store and IKEA has begun accepting digital yuan payments

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