Yi Gang: China actively promotes the development of legal digital currency (DC/EP) and has made important progress

Recently, Yi Gang, President of the People's Bank of China and Director of the Office of the Financial Stability Development Committee of the State Council, published an article in China Finance on "Golden Achievements in the 70 Years of New China's Establishment". The article pointed out that since the founding of the People's Republic of China 70 years ago, China has designed and issued five sets of RMB, and the printing technology and anti-counterfeiting performance of the RMB have been continuously improved. As of the end of August 2019, RMB cash (M0) was 7.3 trillion yuan in circulation. Since the 18th National Congress of the Communist Party of China, in line with the needs of the development of financial technology, the company has actively promoted the development of legal digital currency (DC/EP) and made important progress.