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Former Vice President of Bank of China, Wang Yongli: Prioritize Borrowing Stablecoin Technology and Models to Accelerate the Construction of International Version of Digital RMB
Summary: In a recent article, former Vice President of Bank of China, Wang Yongli, pointed out the profound impact of the development of blockchain and encryption technology on the world, emphasizing the need for China to take a leading position in the crypto world. Wang stressed the importance of breaking traditional concepts for the digital RMB, ...
In a recent article, former Vice President of Bank of China, Wang Yongli, pointed out the profound impact of the development of blockchain and encryption technology on the world, emphasizing the need for China to take a leading position in the crypto world. Wang stressed the importance of breaking traditional concepts for the digital RMB, adjusting its positioning, and focusing on international development, particularly in cross-border and international payment settlement to surpass USD stablecoins in efficiency and cost. By integrating digital currency with digital identity, China could potentially gain a new international advantage and lead in digital currency, digital finance, and digital economic development.
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Link: Former Vice President of Bank of China, Wang Yongli: Prioritize Borrowing Stablecoin Technology and Models to Accelerate the Construction of International Version of Digital RMB [Copy]
