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China piloting electronic yuan payment of taxes and fees

Recently, the government China expanded the central bank’s electronic yuan (electronic yuan) pilot program, allowing citizens to pay taxes, public service fees and social security.

This new electronic yuan pilot program is being implemented in three major cities in Zhejiang province, including Hangzhou, Shaoxing and Jinhua.

China piloted paying taxes and fees with electronic yuan - Photo 1

Electronic yuan is accepted for tax payment in 3 pilot cities

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According to sources from China, the Zhejiang Provincial Tax Department is currently making efforts to coordinate with the Central Bank China (PBoC) to offer various tax payment methods using the electronic yuan.

CoinGeeks comments, actions to promote copper pilot NDT Electronic cross field submission tax and social security fees, administrative procedures are the efforts of the Chinese government to prepare direct application to the Congress. sport Asia – scheduled to take place in September 2022 in the city of Hangzhou.

Electronic RMB is a sovereign digital currency (fiat) that has been researched by China since 2014. After entering the public testing phase in April 2021, the electronic yuan has been continuously promoted. piloted and has achieved many amazing achievements.

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