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Deputy Governor Lu Lei: Future digital RMB to have commercial bank liability attributes, possess currency value scale, value storage, cross-border payment functions
Summary: According to Jin10 data, Deputy Governor of the People's Bank of China, Lu Lei, stated that the future digital RMB will be supported and regulated by the central bank, have commercial bank liability attributes, be based on accounts, compatible with distributed ledger technology, and serve as a modern digital payment and circulation means issued and ...
According to Jin10 data, Deputy Governor of the People's Bank of China, Lu Lei, stated that the future digital RMB will be supported and regulated by the central bank, have commercial bank liability attributes, be based on accounts, compatible with distributed ledger technology, and serve as a modern digital payment and circulation means issued and circulated within the financial system, possessing currency value scale, value storage, and cross-border payment functions. Looking ahead, the business and technical model of digital RMB will prioritize meeting the needs of the real economy, adopting a principle of inclusiveness and prudent selection in the development direction of account-based and value-based digital currencies, to ensure digital RMB meets the requirements of different scenarios and entities.
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Link: Deputy Governor Lu Lei: Future digital RMB to have commercial bank liability attributes, possess currency value scale, value storage, cross-border payment functions [Copy]
