Zhou Xiaochuan: Digital currency should consider the impact on the transmission of monetary policy

On July 5th, Zhou Xiaochuan, former president of the central bank and vice chairman of the Boao Forum for Asia, said in a speech: As a payment system and digital currency, the influence of monetary policy transmission should be considered, which is also financial stability. A consideration. If the public spirit, security, stability, protection of privacy, etc. are all considered, but the relationship with monetary policy is not considered, and the degree of support for monetary policy transmission is not considered, it is also dangerous. Because the monetary policy transmission mechanism is an important channel for macroeconomic regulation and control of any economy, if the monetary policy lacks a transmission mechanism, the macro economy will be out of tune. Therefore, I think that such an institution is not qualified for public infrastructure.