Official explains why China CBDC should not be as anonymous as cash

Official explains why China CBDC should not be as anonymous as cash

While cash is associated with more anonymity, it’s still less mobile and easy to use in large amounts than a digital currency, China’s CBDC project lead Mu Changchun said. China’s central bank digital currency (CBDC) should not be as anonymous as cash, the head of the People’s Bank of China (PBoC) digital currency institute declared.Digital yuan project lead Mu Changchun spoke of China’s CBDC project at the 5th Digital China Construction Summit on Monday, local financial publication Sina Finance reported.Since debuting the digital yuan in 2020, the Chinese central bank has never targeted....


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