China added the ability to pay taxes using the digital yuan
According to the local media, the payment process is “no different from Alipay or WeChat Pay”
27.04.2022 - 11:25
316
1 min
0
According to the local media, the payment process is “no different from Alipay or WeChat Pay.”
What’s new? Six Chinese cities in Zhejiang province have begun to test paying taxes using the digital yuan. According to a report by the local news agency China News, residents in the province can pay income tax, property tax and make social security contributions through e-CNY. In addition, the government has connected 72 toll road collection points to the test program, which have already started accepting the digital yuan. According to China News, the payment process is “no different from Alipay or WeChat Pay.”
What had happened before? In early April, China launched the second phase of testing the e-CNY. The government expanded the list of cities that participate in the program. The digital yuan became available in the cities of Tianjin, Xiamen, and Chongqing, as well as the provinces of Guangdong, Fujian, and Zhejiang.
The authorities noted that the first phase of testing, which took place at the Winter Olympics, was successful. On the opening day of the Games, the digital yuan surpassed Visa in the number of transactions.
What is the digital yuan? China’s central bank digital currency, the digital yuan or e-CNY, began testing in Shenzhen in October 2020. By the end of 2021, the total volume of transactions with the Chinese digital currency reached $11,24 billion.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$99 110
BTC
+2.07%
-
Ethereum
$3 372.33
ETH
+7.38%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.37
XRP
+22.46%
-
Dogecoin
$0.392052
DOGE
+1.61%
-
Cardano
$0.861411
ADA
+10.12%
-
Bitcoin Cash
$493.74
BCH
-5.27%
-
Polkadot
$6.12
DOT
+7.19%
-
Stellar XLM
$0.279464
XLM
+16.14%
-
Litecoin
$89.66
LTC
-0.46%