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IMF Official: IMF Is Paying Close Attention To China's Digital Currency Pilots

Tracy CHEN

Summary: According to China Business News, Tobias Adrian, Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF), recently stated that China's economic recovery and China's central bank digital currency (DCEP) pilots are leading the world, and IMF pays close attention to the pilots of Chinese digital currencies in some urban areas. ...

According to China Business News, Tobias Adrian, Director of the Monetary and Capital Markets Department of the International Monetary Fund (IMF), recently stated that China's economic recovery and China's central bank digital currency (DCEP) pilots are leading the world, and IMF pays close attention to the pilots of Chinese digital currencies in some urban areas. He believes that in the initial stage, China DCEP will pay more attention to domestic applications. In the future, as more countries begin to pilot central bank digital currencies, the cross-border use and convertibility of CBDC will be concerned.

Tracy Chen

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