Yi Gang, Governor of the People’s Bank of China, announced that they will continue to work to make their digital currencies under development ready.
Speaking at an event organized by the Bank of Finland on Tuesday, Yi Gang said: of the e-CNY project He said that the R&D studies will continue to improve the design and usage areas.
In the studies, e-CNY offers users privacy level some measures against counterfeiting taking measures will be targeted.
Emphasizing the importance of protecting personal data, the Governor of the People’s Bank of China said that citizens using digital central bank money “as required) and minimum (level)” He said he was collecting information.
The potential effects of e-CNY on local monetary policy and financial markets will also be investigated. can be used in harmony will be provided.
China, which has been continuing its research on digital central bank currencies since 2014 and is a pioneer in this regard; So far, it has not given an exact date for when e-CNY, which it has tested in cities such as Shenzhen, Beijing, Shanghai, will be ready.
Central Bank Governor Yi added that they are ready to cooperate with other central banks in establishing standards and rules for digital currencies.