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China's CBDC Features Could Enhance Monetary Policy, Says FX Regulator

6 posts • GPT (3)

Updated Oct 15, 2023, 04:15 AM

China's foreign exchange regulator has suggested that programmable features in China's central bank digital currency (CBDC) could improve monetary policy tools. The regulator's comments come as China promotes the digital yuan with new scenario applications. The former governor of the People's Bank of China (PBOC) also emphasized the need for China to prevent abuse as it develops the CBDC. These developments highlight China's efforts to leverage the potential of CBDCs in enhancing monetary policy and advancing its digital currency agenda.

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PiQ

@PiQSuite

🇨🇳 Comments from the PBoC: https://t.co/GVXtZtiym0

Hotep Jesus

@HotepJesus

🚨 Daily CBDC Update 🇨🇳 A Chinese foreign exchange regulator official, Lu Lei, has suggested that "programmable features" in CBDCs could enhance monetary policy tools; While most CBDCs are currently positioned as M0 currency (cash in circulation), programmable features could… https://t.co/Rs943Jl4us https://t.co/jC9YWDysZe

The Block

@TheBlock__

ICYMI: China must prevent abuse as it develops CBDC, says former PBOC governor https://t.co/gOnf6ORQT7

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2 years ago•Latest version

China's CBDC Features Could Enhance Monetary Policy, Says FX Regulator

2 years ago•Original version

China's Central Bank Digital Currency (CBDC) Features Could Enhance Monetary Policy, Says Former PBOC Governor

China's CBDC Features Could Enhance Monetary Policy, Says FX Regulator

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