Dovey Wan: Chinese government promotes blockchain technology to prepare for central bank digital currency

According to AMBCrypto, the founding partner of Primitive Ventures, Dovey Wan (Van Hui), recently stated that President Xi Jinping’s recent speech on blockchain technology did not mention cryptocurrency or digital tokens. She predicted: “I look from the lines. The most important intent of the Chinese government to promote the blockchain is to prepare the central bank for digital currency in terms of ideas, finances, and politics. She also hypothesized that China’s intention to introduce digital renminbi is mainly to counter shadow banking. And get better visibility and transparency of financial flows.