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China’s digital yuan not designed to replace US dollar: former central bank governor – Global Times
China’s experimental digital yuan is not designed to replace US dollar’s global dominance, former central bank governor Zhou Xiaochuan said on Saturday, clearing…
Photo: Courtesy of Tsinghua PBCSF
China’s experimental digital yuan is not designed to replace US dollar’s global dominance, former central bank governor Zhou Xiaochuan said on Saturday, clearing up some misunderstandings about the country’s push for its digital sovereign currency.Media discussions on the digital yuan, known as e-CNY or Digital Currency Electronic Payment (DCEP), especially in foreign media coverage, tend to give rise to some misguided understandings, Zhou said in a keynote speech…
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