Minsheng Securities: Digital currency pilot expected to start among the top five banks

According to the Securities Times report, Minsheng Securities stated that the Fed made it clear that the study of digital currencies will accelerate the implementation of the Central Bank's DECP. We believe that the digital currency pilot is expected to be launched among the five major banks. First, it will transform the bank's IT system and extend it to the corresponding payment end of financial institutions. At the same time, encryption technology will run through the entire industry chain.