China central bank says it will steadily push forward digital yuan pilots

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FILE PHOTO: A sign indicating digital yuan, also referred to as e-CNY, is pictured on a vending machine at a subway station in Shanghai, China April 21, 2021. REUTERS/Aly Song

July 16, 2021

BEIJING (Reuters) – China’s central bank said on Friday it would steadily push forward pilot schemes to develop its digital yuan, and will not set a timetable for rolling out the digital currency.The People’s Bank of China will deepen its research on the impact of a digital yuan on monetary policy, the financial system and financial stability, the bank said in a white paper published on its website.

(Reporting by Judy Hua and Kevin Yao; Editing by Peter Graff)






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