TechFlow news — Recently, a rumor claiming that Shenzhen's second-hand housing transactions have started using digital currency and that large bank transfers cannot be exchanged for paper money has been widely circulated in WeChat groups. The chat messages state: "Someone sold their house in Shenzhen and received digital currency via a large bank transfer, which cannot be converted into cash. The buyer paid with regular currency, but the seller received digital currency."
According to Sina Finance's verification: the online claim that "banks in Shenzhen only provide large amounts of digital currency for home sales and these cannot be exchanged for paper money" is false. A central bank official told Sina Finance that currently, the digital RMB pilot program focuses on small-scale retail scenarios and has not expanded to large-value payment contexts such as real estate transactions. Additionally, digital RMB is legal tender, just like physical banknotes, and can be freely exchanged 1:1 in both directions.
