Pro Localization Service for FinTech, Crypto, and IT-projects | PolyTranslate
Shanghai: Supporting the digital RMB system to access blockchain infrastructure
2024-12-07 22:50:27

On December 7th, according to Mobile Payment Network, the Office of the Standing Committee of the Shanghai Municipal People's Congress announced that the 17th meeting of the 16th Standing Committee of the Shanghai Municipal People's Congress reviewed the "Several Provisions on Promoting the Application of Blockchain to Empower Electronic Documents in Pudong New Area, Shanghai (Draft)". In order to further promote legislative democracy, the draft regulations and related explanations are now publicly announced to solicit opinions from the society, so as to further study and modify them, and then submit them to the future Standing Committee meetings for review. The "Several Provisions on the Application of Electronic Documents" support the integration of the digital RMB system into the blockchain infrastructure, and promote the use of digital RMB in various application scenarios such as electronic document certification, pricing, payment, settlement, and investment and financing. In addition, the "Several Provisions on the Application of Electronic Documents" also state that relevant departments will promote the management and sharing of various electronic certificates and documents generated by their performance relying on blockchain infrastructure.