China CBDC eCNY digitalyuan China's e-CNY has been used to pay a 51 million yuan land transfer fee
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The payment was facilitated by ABC Fujian Branch, which has also executed tax payments in Fujian using the e-CNY, the first tax payment by Taiwanese enterprises, the first offshore inclusive financial service point, and “many other initial demonstration scenarios.” It also showed that the system could handle both small and large sums of money, providing “a successful case for the comprehensive promotion of digital renminbi in non-tax collection fields such as land transfer fees.”
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