National Development and Reform Commission Research Seminar: Central Bank may accelerate rollout after digital currency epidemic

According to more than 10 experts and scholars at the ninth meeting of the National Development and Reform Commission's Digital Economy New Infrastructure Research Project, the epidemic is a catalyst for the digital economy, and rapid, comprehensive, and accurate data collection and analysis is a prerequisite for efficient decision-making. In the post-epidemic period, the state may increase investment and procurement. The central bank's digital currency may accelerate the launch and become a special “special fund” that can be controlled throughout the entire process. The central bank's digital currency may become a "new version of four trillion" targeted stimulus option, or it will accelerate the launch. In addition, the public's concern about data privacy may rebound. Good digital governance and effective privacy protection determine public confidence in the digital economy.