TechFlow, June 18 — According to Jinshi Data, PBOC Governor Pan Gongsheng stated at the 2025 Lujiazui Forum that new technologies are accelerating applications in cross-border payments. Emerging technologies such as blockchain and distributed ledger technology have driven the booming development of central bank digital currencies and stablecoins, fundamentally reshaping the traditional payment system and significantly shortening cross-border payment chains. At the same time, they pose significant challenges to financial regulation. Technologies such as smart contracts and decentralized finance will continue to advance the evolution and development of cross-border payment systems.
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