Wu Zhaohui, President of Zhejiang University: Digital currency is at the forefront, but there are also risks

According to the Beijing News, on October 20th, the opening ceremony of the 6th World Internet Conference was held in Wuzhen, Zhejiang. Wu Zhaohui, academician of the Chinese Academy of Sciences and president of Zhejiang University, said that digital currency is becoming the frontier of financial technology development, but digital currency also has the risk of over-issuing, running and privacy leakage. On June 18, 2019, the US Internet company Facebook released a new white paper on digital payments based on international payments. Wu Zhaohui mentioned that digital currency can be applied to application scenarios such as cross-border payment services. He pointed out that the advantages of digital currency will be reflected in the subject credit, organizational structure, currency stability and so on. "Our development goal should be to establish a global financial system that is cheaper, more accessible, and more connected." Wu Zhaohui said that artificial intelligence is accelerating the reshaping of financial technology. In the future, all parties should work together and promote The innovative development of “artificial intelligence + finance”.