Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral

As reported by local news outlet Sohu, on Wednesday, the Agricultural Commerce Bank of Zhangjiagang, located in China’s Suzhou province, announced that it had issued a 500,000 digital yuan (e-CNY) loan with intellectual property backing it as collateral. The loan was issued via unanimous approval by the city’s consumer markets regulator, financial markets regulator, and municipal officials. 

Unnamed in the report, the recipient of the loan is an entity manufacturing environmental protection…

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