The People’s Bank of China has urged for widening of the array of use-case scenarios for its central bank digital currency. The monetary authority believes that deeper interconnection with traditional e-payment platforms will make the digital yuan more convenient for consumers.The monetary policy regulator of China has called for improving the integration between the digital yuan system and traditional tools for electronic payments.
To achieve that, additional efforts should be made to expand the scenarios and environment for the use of the digital yuan, PBOC Deputy Governor Fan Yifei emphasized in a statement during a recent forum on digital finance held in Beijing. Quoted by the government-run China.org.cn news portal, Fan elaborated that regulations and standards in areas such as digital identities, Bluetooth, and QR codes should be unified to facilitate the interconnectivity of the various types of payment systems.
The deputy governor also highlighted the importance of improving the security of the digital yuan platform by upgrading the relevant technologies to prevent leaking of sensitive user information and eliminate data security risks.
Sooner than later China will become what NK wants to be
Currency across all borders
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Meanwhile Tether is on Near Network now.
How do you rhink it is already a bitcoin streak?
This is a very critical place DigitalYuan
They’d better to integrate Tether tbh
Who needs it? It doesn't give you freedom
China New Is Always Negative What Happens With News
Communist tyrants and their digital fiat currency enabling them to exert their tyrannical surveillance and control even more effectively over the serfs that they own.
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Why is nooboody talking aboout this?
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Why is everybodyy silentVVSF on thiss?
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Why is everybodyy silent on thiss.
Why is nooboody talking aboout this?
Why are they keepinnn thiss a secret.?
Whyy aren’t anyone botheredd on talkinn about this?
Howw comee everyone is silent aboutt thiss?
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Well, USDT is actually better than digitalyuan
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LayahHeilpern sometimes I think we're all in a simulation and centralized digital currencies affirms it..
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They can call for anything, but I think people will still use USDT and BTC
Looks like some action is about to strike in the centralized space of China!
People trust bank digital currency this is stupid.
They loose the last freedom they could stil have. Soon to 'free' countries too.
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Why are they keepinnn thiss a secret.?.
How come no onee is talkingg about this
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Whyy is everyonee silent about thiss?
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Source: CoinDesk - 🏆 291. / 63 Read more »