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People’s Bank of China Continues CBDC Development Talks

Published 04/05/2020, 04:00 PM
Updated 04/05/2020, 05:40 PM
People’s Bank of China Continues CBDC Development Talks

The People’s Bank of China held a teleconference on April 3 in Beijing, China. One of the main points confirmed during the call involved the institution’s continued research and development of a central bank digital currency, or CBDC.

The meeting summarized the central bank’s achievements with fiat currency, gold, silver, and securities since the end of 2019. Executives analyzed the bank’s present challenges in depth, while acknowledging that their top priority for 2020 is the continued research and development of a CBDC, saying:

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