Coinspeaker
Former PBoC Official Slams e-CNY as Being Underutilized
Xie Ping, the former Director General of Research at the People’s Bank of China (PBoC) has expressed dissatisfaction about the progress made thus far by the country’s Central Bank Digital Currency (CBDC) dubbed e-CNY or Digital Renminbi. According to a report by a local news channel, Caixin, Ping faults the distribution of the e-CNY which he said is limited to just a few billion dollars.
“The cumulative circulation of the digital yuan in the two years of the trial has been only 100 billion yuan ($14 billion),” he said while speaking at a conference organized by Tsinghua University. He added that the reported figure showed that the Digital Renminbi’s “usage has been low, highly inactive.”
China remained at the forefront of the Central Bank Digital Currency race and was the first major advanced economy to launch retail trials involving the new form of money. Over the past 2 years, pilot tests have been cond
We współpracy z: https://www.coinspeaker.com/pboc-official-e-cny-underutilized/
