On December 1, the 2019 First Finance and Financial Technology Summit was held in Beijing. Tobias Adrian, director of the IMF's currency and capital department, said during the "blockchain and digital currency" peak dialogue that there are three types of stablecoins: algorithm stablecoins, stable assets of risk assets and stablecoins of central bank deposits. Three are the safest reserves. China's Alipay and WeChat Pay are all 100% of the central bank's deposit reserves, but no matter what kind of stable currency, they need to follow the AML / CFT requirements. They should be anonymous to the government and anonymous to individuals and merchants. China is a leader in fintech, so the People's Bank of China will naturally become the first central bank to launch CDBC. As for the timing of the CDBC, he believes that the central bank, as the guardian of credit and stability, needs time to make the financial system sufficiently secure.