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2022 may be e-CNY's breakout


2022 may be e-CNY s breakout
By CHEN JIA |
China Daily |
Updated: 2021-06-23 07:58
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Digital currency to help maintain monetary sovereignty, says former BOC head
The upcoming 2022 Winter Olympic Games in Beijing will be likely prove to be a breakout phase for China s digital renminbi, or e-CNY, one of the most important tools of the country s central bank to maintain monetary sovereignty in the digital era, an expert said in an exclusive interview with China Daily.
The Winter Olympic Games will be held from Feb 4 to Feb 20 next year, and some entry-exit points, such as the cities of Shanghai, Beijing and Guangzhou in Guangdong province, are expected to be ready for extensive use of digital RMB payments during the Games, said Li Lihui, former president of Bank of China and head of the blockchain research working group at the National Internet Finance Association of China. ....

Li Lihui , Zhou Xiaochuan , People Bank , Digital Currency Research Institute , National Internet Finance Association Of China , China Daily , Global Finance Forum , Olympic Games , Winter Olympic Games , National Internet Finance Association , Finance Forum , Currency Research Institute , மக்கள் வங்கி , டிஜிட்டல் நாணய ஆராய்ச்சி நிறுவனம் , தேசிய இணையதளம் நிதி சங்கம் ஆஃப் சீனா , சீனா தினசரி , உலகளாவிய நிதி மன்றம் , ஒலிம்பிக் விளையாட்டுகள் , குளிர்காலம் ஒலிம்பிக் விளையாட்டுகள் , தேசிய இணையதளம் நிதி சங்கம் , நிதி மன்றம் , நாணய ஆராய்ச்சி நிறுவனம் ,

China's Digital Yuan not aimed at challenging US dollar, says former People's Bank governor • The Register


China s Digital Yuan not aimed at challenging US dollar, says former People’s Bank governor
It’s all about domestic efficiency, and if that helps China to become a bigger player then so be it
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A former governor of the People s Bank of China has given a speech in which he suggested that China s Digital Yuan is not intended to increase China s influence over global financial systems.
Zhou Xiaochuan, who served as the Bank’s governor between 2002 and 2018, spoke on Saturday at the Tsinghua PBCSF Global Finance Forum. An unauthorised translation of the speech by Chinese journalist Zichen Wang reports that Zhou said China’s digital currency “is mainly targeted on the modernization of the domestic payment system, keeping pace with the digital economy and the Internet era, improving efficiency, and reducing costs, especially for the retail payment system”. ....

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