TechFlow news, December 29 — According to Jinshi Data, Lu Lei, Deputy Governor of the People's Bank of China, published an article stating that future digital RMB will be a modernized digital payment and circulation instrument issued and circulated within the financial system, supported technically and regulated by the central bank, possessing the liability attributes of commercial banks, account-based, and compatible with the characteristics of distributed ledger technology. It will have the functions of monetary value measurement, value storage, and cross-border payments. Looking ahead, the selection of business and technical models for digital RMB will adhere fundamentally to meeting the needs of the real economy, adopting a principle of inclusiveness and cautious selection toward both account-based and value-based digital currency development paths, promoting digital RMB to meet the demands of different scenarios and various business entities. (China Financial Times)
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