Peng Wensheng: The central bank issues digital currency to replace cash, which has the value of public policy

Everbright Securities chief economist Peng Wensheng published a column article "Digital Currency Competition", which pointed out that in the digital economy era, there are only two means of fiscal and financial supervision in a cashless society. In this sense, the issuance of digital currencies by the central bank to replace cash has the value of public policy.