Changshu City, China: All Employees to Receive Salaries in Digital Yuan by May 2025

Changshu, a city in China, is set to become a leading adopter of the digital Yuan. According to an official report and multiple sources, employees in Changshu, China, will receive their salaries in digital Yuan from May 2025. This marks a significant step in the rollout and adoption of China's Central Bank Digital Currency (CDBC).

The digital Yuan, also known as digital RMB, is China’s CDBC (Central Bank Digital Currency). The city of Changshu has stated that all civil servants in its jurisdiction will be paid their full salaries in digital yuan starting May 2025, further cementing its position as a frontrunner in digital currency implementation.

More Chinese civil servants have begun to be paid entirely in digital yuan, joining some of the country's bank employees as a new phase begins to promote the currency. The initiative extends beyond civil servants, encompassing public service personnel and state-owned unit personnel who will also receive their full salaries in digital RMB.

This move by Changshu highlights China's commitment to promoting and expanding the use of the digital Yuan. Keep checking back for updates on the development and wider implications of the digital Yuan rollout across China.