Residents of 3 Chinese cities paying taxes and charges with digital yuan By Cointelegraph
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Residents of 3 Chinese cities paying taxes and charges with digital yuan Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency (CBDC) — the digital yuan (e-CNY).
According to a domestic news report, a number of government agencies in the Zhejiang province — located just south of Shanghai — are currently running real-world trials programs that involve citizens using the digital yuan to pay taxes.
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Residents of 3 Chinese cities paying taxes and charges with digital yuan Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency (CBDC) — the digital yuan (e-CNY).
According to a domestic news report, a number of government agencies in the Zhejiang province — located just south of Shanghai — are currently running real-world trials programs that involve citizens using the digital yuan to pay taxes.
Continue Reading on Coin Telegraph
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