Yao Qian wants CBC to imbibe Crypto Features

Yao Qian wants CBC to imbibe Crypto Features

The director of the central bank’s Digital Currency Research Lab, Yao Qian emphasized that the digital currency issued by the central bank has to imbibe essentials of cryptocurrencies. He stated, “An approach that just rigidly mimics and digitalizes the fiat currency may undermine the competitive edge of CBDC in the long term.”

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