China unveils new action plan for digital yuan management
China's central bank released an action plan to transition the digital yuan to digital deposit money starting January 1, 2026.Summary
The People's Bank of China (PBOC) has issued an action plan to overhaul the governance, operational model, and ecosystem of the digital yuan (e-CNY), effective January 1, 2026. This plan formally transitions the digital RMB from digital cash to digital deposit money, integrating it more deeply into the financial system under central bank supervision. Key revisions include incorporating digital RMB balances into deposit reserve requirements and imposing 100% margin requirements on non-bank payment institutions, effectively codifying the digital RMB as a commercial bank liability, marking the move to "Digital RMB 2.0." The system architecture will be upgraded to combine accounts, token strings, and smart contracts, enhancing automation and security. The PBOC will also establish a Digital RMB Management Committee to oversee domestic and cross-border systems.
(Source：Crypto Briefing)