- China’s “Opinions” issued to boost digital finance along trade corridor.
- Initiatives include digital RMB cross-border payments.
- Immediate market reactions remain absent for major cryptocurrencies.
On December 24, eight Chinese government departments led by the People’s Bank of China proposed bolstering digital finance collaborations along the Western Land-Sea New Corridor, including cross-border digital currency pilots.
The initiative aims to enhance regional digital finance integration, potentially reshaping cross-border payment systems with key economies like Thailand and Singapore, advancing digital RMB applications.
China Initiates Cross-Border Digital Payments with CBDC
The “Opinions” propose exploring international cooperation in digital finance along the corridor, involving central bank digital currencies (CBDC) in cross-border payments with countries like Thailand and Singapore. The aim is to leverage digital RMB for innovative payment technologies and e-commerce platform enhancements.
Participating regions will strengthen their cross-border financial services by using digital RMB. Expected benefits include increased use of RMB for trade settlements and reducing transaction costs, while reinforcing China’s commitment to global digital finance.
Western Corridor Boosts Financial Strategies, With No Immediate Market Impact
Did you know? The push for digital RMB in the Western Land-Sea Corridor aims to emulate China’s previous efforts that expanded freight to more than 542 ports globally.
As of December 24, 2025, Ethereum (ETH) traded at $2,939.29, down 0.82% over 24 hours. Its market cap reached $354.76 billion, holding a 12.06% dominance. Over the past 90 days, ETH experienced a 26.88% decline, according to CoinMarketCap.
Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 07:44 UTC on December 24, 2025. Source: CoinMarketCap| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/news/china-digital-finance-western-corridor/
