Press "Enter" to skip to content

PBOC has no timetable for introduction of its digital currency – central banker

CHECK THE WIRE FOR REAL-TIME NEWS UPDATES

China does not have a timetable for the introduction of its new digital currency, said Yi Gang, governor of the People’s Bank of China (PBOC), said at a press conference on Tuesday, noting that more work was needed to address a series of regulatory issues.

The development of a digital coin required further “research, testing, trials, assessments and risk prevention”, Yi said.

“In particular, if cross-border use is involved, it will involve a series of regulatory issues regarding . . .

To continue reading, please subscribe. You will get

  • Original and in-depth reporting on China's economy and financial markets 
  • Details, data and perspectives you don't read elsewhere
  • THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
  • Daily Brief newsletters to get you prepared for every trading day

 

FREE TRIAL cancel any time

We highly value independence. We are solely funded by subscriptions from thousands of readers like you.  

Already have an account? Sign In

 

Top