Former China Central Bank Exec Pushes for Digital Currencies

imageCryptocurrency4 hours ago (Aug 02, 2020 05:40PM ET)

Former China Central Bank Exec Pushes for Digital Currencies

The former vice president of China’s central bank pushed for central bank digital currencies positioning it as a substitute for cash in circulation.

Wang Yongli, former vice president of Bank of China and a director of the Haixia Blockchain Research Institute, said digital currencies can certainly be a substitute for cash but it shouldn’t be confined to just that, according to the Global Times.

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Former China Central Bank Exec Pushes for Digital Currencies

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