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China's central bank urges more convenient use of digital yuan

Xinhua | Updated: 2022-09-11 07:10
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The e-CNY is promoted during the 2022 China International Fair for Trade in Services in Beijing. [Photo by CHEN XIAOGEN/FOR CHINA DAILY]

BEIJING - China's central bank has called for efforts to facilitate interconnectivity between the digital yuan system and traditional e-payment tools to make it more convenient for customers to use digital currency.

To realize this goal, more efforts should be made to expand the scenarios and environment for the use of the digital yuan, Fan Yifei, deputy governor of the People's Bank of China, said at a recent forum on digital finance in Beijing.

Specifically, regulations and standards in areas such as digital identities, Bluetooth, and QR codes should be unified to improve the interconnectivity of various types of payment tools, according to Fan.

The deputy governor also underscored improving the security of digital yuan use via upgrading relevant technologies to avoid user-information leakage and eliminate data security risks.

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