Digital currency may restructure monetary systems: Former BOC President
- By Zhang Jiaqi
0 Comment(s)
Print
E-mail China.org.cn, January 15, 2020
Digital currency is very likely to restructure financial models and monetary systems, which is both a current challenge and a future opportunity.
Li Lihui, former president of the Bank of China, noted this in his keynote speech at a seminar on the future of digital currency which was held on Jan. 13 in the National School of Development at Peking University, one of China's top universities.
Noting that digital currency will be at the core of global digital economy competition in the future, Li said it is necessary for China to speed up its work in this area and explore plans to issue a China-led global digital currency.
"Digital finance is bound to further strengthen the globalization of finance," Li said. He called on China to actively engage in and lead the creation of the global digital finance system, strengthen its coordination with global digital finance regulation, and promote a unified international regulatory standard for digital finance and digital currency.
He also called on China to accelerate the establishment of its digital finance system with a view to promote the healthy development of digital finance.
His insights and suggestions were compiled into the book "Digital Currency: a Book for Government Officials," which was launched at the seminar organized by the National School of Development and the Institute of Digital Finance at Peking University, as well as the People's Daily Press.
Go to Forum >>0 Comment(s)