Li Lihui: Global Legal Digital Currency R&D Escalates Digital RMB Expected to Reshape Banking Competition

According to Golden 10 News, “The digital yuan has been the biggest bright spot in fintech over the past year. As pilots around the world push closer, it is expected to continuously improve consumer experience and is expected to have far-reaching impact in multiple areas in the future, especially in the commercial banking sector. At the same time, the recent surge and plunge of virtual coins has also further highlighted the importance of legal digital currency.” Li Lihui, former governor of the Bank of China, said at the “2021 West Coast Fintech Frontier Forum” held over the weekend.