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China’s Blockchain Leader Believes Digital Currency Can Reconstruct the Global Currency System
Summary: Digital Finance will strengthen the globalization of financial markets, and China should be a part of the efforts to build digital finance services and establish international monitoring standards, said Li Lihui, head of the blockchain research working group at China’s National Internet Finance Association.
Digital Finance will strengthen the globalization of financial markets, and China should be a part of the efforts to build digital finance services and establish international monitoring standards, said Li Lihui, head of the blockchain research working group at China’s National Internet Finance Association, at a livestream of People’s Daily on May 5.
Li said China’s central bank should launch its digital currency soon. The DC/EP will inherit the present “central bank to commercial banks to the public” model, to save investment in financial infrastructure, control risks, and stabilize the market.
By Yiran Dai
Tags: Central Backed Digital Currency,DCEP,Peoples Bank Of China
Link: China’s Blockchain Leader Believes Digital Currency Can Reconstruct the Global Currency System [Copy]
