Shao Fujun, Chairman of UnionPay: The biggest possibility for the development of digital currency in the future is the legal digital currency issued by the central bank of national credit.

Babbitt News, on August 10th, at the third "China Finance Forty People Yichun Forum", Shao Fujun, chairman of UnionPay, said that based on the perspective of national currency theory, the future development of digital currency, our hope is also possible The biggest possibility is still based on the legal digital currency issued by the central bank of national credit. Of course, the legal digital currency is still under study, and there are many forms and programs. But in terms of role, it should be said that it will still have a great positive impact.
The first is to improve the efficiency of monitoring the operation of money and enrich the means of monetary policy.
The second is indeed the level of intelligence that is conducive to improving the trading process.
In the third aspect, we will effectively improve the efficiency of payments, especially cross-border payments, and establish an open payment environment.