Former PBOC Governor Says Digital Yuan Is Not Threat to Fiat Currencies
Zhou said that holders of the digital yuan can use it for trading or investment. He added that, unlike Libra, they “don’t have an ambition to replace existing currencies”.
China’s DCEP Processed about 4M Transactions Thus Far Totaling 2 Billion Yuan
The DCEP pilot test has been largely successful while making specific assertions with respect to the ongoing trials.
China Allows Foreigners to Enter Its $27 Trillion Payments Market after Yi Gang Named New Head of PBoC
The PBoC also said that it will allow for a level playing field for the foreign players to compete with the local players in the highly saturated payments market of China.