Researcher of the Chinese Academy of Social Sciences: Private enterprises should be encouraged to develop digital stable coins under the guidance of the central bank.

According to media reports today, Liu Dongmin and Song Shuang, researchers at the Chinese Academy of Social Sciences, believe that at present, China prohibits private enterprises from issuing private digital currencies, while the People's Bank of China conducts research and development, promotion and application of legal digital currencies. The development of the legal digital currency led by the central bank is undoubtedly conducive to domestic financial stability, but compared to the United States, Japan and other countries that allow private enterprises to develop digital stable currency, China's current digital currency research and development flexibility, efficiency and innovation There are insufficient sexual aspects. Therefore, private enterprises and financial institutions should be encouraged to develop digital RMB stable coins under the guidance and supervision of the central bank.