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Bank Of China's Former Governor: China's Digital Currency May Become Global

Tracy CHEN

Summary: According to cls.cn, LI Lihui, the former governor of Bank of China, stated at the 6th Blockchain Global Summit 2020 that the legal digital currency in China's pilot program adopts a centralized management and indirect issuance model, utilizes a method of "account loose coupling" plus a digital wallet, owning the technical advantages of offline transactions, ...

According to cls.cn, LI Lihui, the former governor of Bank of China, stated at the 6th Blockchain Global Summit 2020 that the legal digital currency in China's pilot program adopts a centralized management and indirect issuance model, utilizes a method of "account loose coupling" plus a digital wallet, owning the technical advantages of offline transactions, providing the public with a payment tool with high security and good liquidity, and making daily life easier. It may also grow into an across-border tool and become a global digital currency.

Tracy Chen

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