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.
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Source: Digital Yuan Not Intended to Replace Global Currencies, Says Ex-PBOC Governor