Reuters- China will expand the experiments of the yuan digital to more cities, but there is no specific timetable for its official implementation, the Deputy Governor of the Central Bank, Li Bo, a Boao Forum.
China is one of the pioneers in the global race for the central bank to launch digital currencies and last year began trials in several cities, including Suzhou, Shenzhen, Chengdu Y Xiong’an.
At the said that tests have shown that the mechanism of emission and distribution of the digital yuan, O e-CNY, is compatible with the Finance system existing and helps minimize impact on the banking sector.
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Then, China will continue to improve the ecosystem of e-CNY, improve its security and reliability and establish a set of legal and regulatory frameworks, he said At the.
At the Beijing Winter Olympics to be held next year, Chinese citizens and foreign visitors will use e-CNY, maintained the official.
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