China’s central bank is working on settlement and anti-counterfeiting measures for the country’s digital currency, Securities Times reported.
Yi Gang, People’s Bank of China governor, said the bank would establish a management model suitable for digital renminbi, prioritising settlement efficiency, privacy protection, anti-counterfeiting and other functions.
He told the Bank of Finland Institute for Emerging Economies that another goal was to enable interaction between the digital renminbi and existing electronic payment tools to achieve security as well as convenience.
Read the full report: Securities Times
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