Digital Yuan Not Intended to Replace Global Currencies, Says Ex-PBOC Governor
Zhou Xiaochuan, a former governor of the People’s Bank of China (PBoC), stated that China’s planned central bank digital currency – Digital Currency Electronic Payment (DCEP) – has no plans to topple existing sovereign currencies. Digital Yuan Not a Threat to U.S. Dollar or Euro According to the South China Morning Post on Monday (Dec.
Source: Digital Yuan Not Intended to Replace Global Currencies, Says Ex-PBOC Governor
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Harry Gill
Harry is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets and Journalism he decided to become a half time trader half time journalist in the financial and cryptocurrency sector.He can be contacted at harry.gill@cryptonewspipe.com