Cyberspace Administration of China solicits public opinions: Financial institutions are encouraged to explore the use of new payment methods such as digital RMB to carry out cross-border payments

PANews reported on September 13 that according to the report of Meike.com, in order to promote and standardize the promotion and application of electronic documents, improve the digitalization level of goods trade and transportation, reduce the logistics costs of the whole society, protect the legitimate rights and interests of parties to electronic documents activities, and safeguard national security and social public interests, according to relevant laws and regulations, the State Internet Information Office, in conjunction with relevant departments, drafted the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)" and is now soliciting public opinions from the public. It mentioned that institutions and enterprises in the fields of goods trade, logistics, finance and other fields are encouraged to recognize and use electronic documents when conducting business, improve the digitalization level of business applications, and promote the quality and efficiency of the industry. Financial institutions are encouraged to explore the use of new payment methods such as digital RMB to carry out cross-border payments based on the characteristics of electronic documents, and to actively and steadily carry out innovation in financial products and service models based on the conditions of compliance with the law and controllable risks.