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China’s central bank urges faster digital yuan roll-out as other countries begin tests

Summary:
[unable to retrieve full-text content]China should accelerate its efforts to launch a sovereign digital currency, elevating it as an important part of an “independent” financial infrastructure in the digital era, a top Chinese central bank official has said.The comments by Chen Yulu, deputy governor of the People’s Bank of China (PBOC), came months after the country’s top leadership introduced a new inward-facing economic strategy – dual circulation – to support future growth by relying more on domestic demand, and to better…

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[unable to retrieve full-text content]
China should accelerate its efforts to launch a sovereign digital currency, elevating it as an important part of an “independent” financial infrastructure in the digital era, a top Chinese central bank official has said.The comments by Chen Yulu, deputy governor of the People’s Bank of China (PBOC), came months after the country’s top leadership introduced a new inward-facing economic strategy – dual circulation – to support future growth by relying more on domestic demand, and to better…

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