Former PBoC governor: China does not want to replace USD with digital yuan

A former PBoC governor said China is taking a cautious approach to the digital yuan for now. The Chinese government does not want to replace existing fiat currencies with its own digital currency, according to a former governor of the Chinese central bank (PBoC) Zhou Xiaochuan, president of China’s Financial Association and former governor of … Read moreFormer PBoC governor: China does not want to replace USD with digital yuan