TechFlow news, on October 31, the People's Bank of China released the "2025 Report on RMB Internationalization," which provides a detailed overview of the current progress and future plans for RMB internationalization. The report states that the Multilateral Central Bank Digital Currency Bridge (mBridge) now has five central banks (monetary authorities), including the People's Bank of China, officially participating. In the outlook section, the People's Bank of China indicated it will build an independent and controllable cross-border RMB payment system and study promoting the use of digital RMB in cross-border payments.
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