People’s Bank of China: Digital Yuan Will Be a Form of Local Currency

[MRM]

When released, China’s Central Bank Digital Currency (CBDC) might replace fiat yuan in circulation. At least, that was what Fan Yifei, the Deputy Chairman of the People’s Bank of China (PBoC), stated in his article published at Financial News local outlet.

He claimed that digital yuan is going to be just another form of the country’s local currency, so it is going to circulate according to the same rules. Historically, money has always taken various forms, and humanity simply got used to its tangible forms like coins or banknotes.
Source: https://coinidol.com/digital-yuan-local-currency/