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China's Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says

China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says

China’s Digital Yuan Will Target Retail Payments First, Ex-Central Banker Says

“There are two goals for international digital currencies,” Zhou mentioned. “The first one, which is also what China envisions is to develop digital payment and its use for retail system in the country, while the other goal is to cross-border payment for international financial institutions.” 

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