The People's Bank of China has released the new version of the "Renminbi Cross-Border Payment System Business Rules," specifying the inclusion of the Digital Currency Research Institute in the scope of notification.

BlockBeats News, December 26, the People's Bank of China recently released the "Renminbi Cross-border Payment System Business Rules" (Yinfa [2025] No. 248), which will be implemented on February 1, 2026, replacing the 2018 version of the rules. The notice clearly includes the "Digital Currency Research Institute" as one of the notified parties, alongside institutions such as the National Development Bank, commercial banks, and the Clearing House.

The new rules specify the operation structure and business processing flow of the Cross-border Interbank Payment System (CIPS), stipulating that CIPS should support a hybrid settlement model, including real-time gross settlement and deferred net settlement, and be able to support "RMB payment, RMB cross-border synchronization settlement with foreign currencies (PvP), Delivery versus Payment (DvP) settlement, central counterparty clearing, and other cross-border RMB transaction settlements."