PBOC says it will continue to advance digital yuan cautiously and improve design

PBOC Governor Yi Gang remarks

  • Digital yuan aims to meet domestic retail payment need
  • Improve financial inclusion

Policymakers continue to push the digital yuan initiative forward and it is an initiative that is sure to gain traction in the months / years to come. Once established, expect the other major central banks to begin to speed things up on this front as well.

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