General Manager of Jinshan Cloud Blockchain and Digital Finance Department: The private sector must not be able to issue digital currencies

At the 2020 Asian Finance Forum, Zhu Jiang, general manager of the Blockchain and Digital Finance Department of Kingsoft Cloud, stated that the private sector must not be able to issue digital currencies. When the private sector issues digital currency, there are many challenges, including financial, regulatory challenges, and risk-related challenges in finance. Now looking at the advancement of the central bank's digital fiat currency, it has actually entered such a technological evolution path. However, there are certain geographical restrictions for the private sector to issue digital currencies.