Central Bank Mu Changchun: Central Bank Digital Currency Introduces Private Sector Participation

Mu Changchun, director of the Digital Money Institute of the People's Bank of China, said on the 10th at the "10th Caixin Summit: Open China and the World" that private institutions can operate infrastructure, but there are conditions behind them. In the legal supervision framework, at the same time, it is necessary to serve supervision and serve the public, and requires a high level of public morality. The central bank's digital currency introduced a two-tier operating system from the outset, using private and public sectors to build digital currency. In the future, private power may be used to jointly build public goods.