The European Central Bank and the People’s Bank of China are discussing the development of digital central bank currencies (CBDC).
Yi Gang, Chairman of the People’s Bank of China (PBoC), said what kind of digital currencies developed by central banks to standards and principles He announced that they will hold talks with other central banks and international institutions on the subject of
The People’s Bank of China, which started its work on CBDCs in 2014, currently has a joint venture with the central banks of the United Arab Emirates, Hong Kong and Thailand. digital currency experiment is organizing.
The People’s Bank of China, which has been conducting tests with domestic private banks for the digital renminbi (e-CNY) project it is developing, has so far 123 million wallets established and the total volume of transactions made 56 billion yuan Said he got it.
Yi Gang said at this week’s event of the Bank of Finland that the digital renminbi is essentially domestic payment transactions that it was designed to improve.
digital central bank coins use in international transactions related “complicated” Saying that there are question marks, Yi Gang added that they will continue to exchange ideas at the international level to prevent any difficulties that may arise.
