Digital Yuan holdings to earn interest under China's new framework

The new framework due Jan. 1 will let banks pay interest on clients' e-CNY holdings. \nWhat to know : The People's Bank of China will implement a new digital yuan framework on Jan. 1, allowing commercial banks to pay interest on digital currency holdings. The digital yuan will transition from digital cash to digital deposit money. An international digital yuan operations center is proposed for Shanghai, aiming to enhance the currency's global reach.