Huang Qifan, vice chairman of China International Economic Exchange Center: China's central bank is likely to become the world's first central bank to launch digital currency

On October 28th, Huang Qifan, vice chairman of China International Economic Exchange Center, said at the first Bund Financial Summit today that he believes that after five or six years of research on the digital currency of the People’s Bank of China, the technology has now matured and may become The world's first central bank to introduce digital currency. The digital currency introduced by the central bank is first converted to a commercial bank or institution and then redeemed to the public. The significance of this is not the digitization of the existing currency, but the replacement of M0, which is conducive to the circulation and internationalization of the renminbi. Policy development provides a strong reference.