Stocks related to the People's Bank of China's push for digital yuan interest payments surged to $188 million.

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Chinese investors have poured a total of $188 million into digital yuan-related companies since the People's Bank of China (PBOC) issued guidelines allowing interest payments on central bank digital currency (CBDC) wallets, DL News reported. Approximately 30% of the investment was concentrated in Lakala, which provides hardware wallets and merchant payment infrastructure. The PBOC previously announced new guidelines to further strengthen infrastructure and governance, including including the digital yuan in deposit reserves and classifying wallets by liquidity, effective January 1st of next year.

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