Central bank digital currencies could use networks like ethe

Central bank digital currencies could use networks like ethereum, China's former digital yuan chief says


Central bank digital currencies could use networks like ethereum, China's former digital yuan chief says
skiderlin@businessinsider.com (Sophie Kiderlin)
© Costfoto/Barcroft Media via Getty Images
A consumer uses a digital yuan red envelope in a mobile phone to buy goods at a digital yuan cashier's desk Costfoto/Barcroft Media via Getty Images
The former head of China's digital yuan team said CBDCs could eventually run on blockchain networks.
He said CBDCs could use smart contracts on networks like ethereum, Sina Finance reported.
China has become the first major economy to trial a CBDC, the digital yuan.
Yao Qian, the former head of China's digital yuan team said central bank digital currencies could use blockchain networks like ethereum in the future, Sina Finance reported on Monday.

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