Shanghai: Support digital RMB system to connect to blockchain infrastructure
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2024-12-07 20:03 9,382
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According to reports on December 7, according to Mobile Payment Network, the General Office of the Standing Committee of the Shanghai Municipal People’s Congress issued an announcement indicating that the 17th meeting of the Standing Committee of the 16th Municipal People’s Congress approved the “Shanghai City Promotes the Use of Blockchain to Empower Electronic Invoices in Pudong New Area”. Several Provisions on Certification Application (Draft) were reviewed. In order to further promote legislative democracy, the draft regulations and related explanations are now published to solicit opinions from the public for further study and modification, and then submitted to the next Standing Committee meeting for review.
The "Several Provisions on the Application of Electronic Documents" supports the integration of digital RMB systems into blockchain infrastructure and promotes the use of digital RMB in application scenarios such as electronic document depository, pricing, payment, settlement, investment and financing. In addition, the "Several Provisions on the Application of Electronic Documents" also stated that relevant departments will be promoted to rely on blockchain infrastructure to manage and share the use of various electronic certificates and electronic documents generated by their performance of duties.