Investors pour $188M into digital yuan stocks after PBOC interest payment plan

Chinese investors have poured $188 million into companies related to the digital yuan following an announcement by the People's Bank of China (PBOC) that it will allow interest payments on central bank digital currency (CBDC) wallets, DL News reported. Approximately 30% of the investment was directed to Lakala, a provider of hardware wallets and merchant payment infrastructure. The PBOC previously announced new guidelines, effective Jan. 1, to strengthen the digital yuan's infrastructure and governance by including it in deposit reserves and classifying wallets based on liquidity.