Caixin
Nov 01, 2022 06:12 AM
FINANCE

Digital Yuan Puts Priority on Privacy Protection, PBOC Chief Says

Yi Gang
Yi Gang

What’s new: Privacy protection is one of the most important issues in the development of China’s digital yuan, also known as the e-CNY, the country’s top central banker said.

Through a two-tier operation and controllable anonymity, the People’s Bank of China (PBOC) designed the digital yuan to simultaneously protect personal privacy and maintain financial security, PBOC Governor Yi Gang said Monday in a speech at the Hong Kong FinTech Week conference.

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