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POBC Will Accelerate the Pace of Research and Development of Legal Digital Currency in the Second Half of the Year

Abstract : On August 2, the People's Bank of China held a video conference for the second half of 2019. The main task of the meeting is to convey and implement the important arrangements of the Party Central Committee and the State Council on economic and financial work, summarize the work in the first half of the year, analyze the current domestic and international economic and financial situation, as well as study and deploy the key tasks in the second half of the year.

ChainDD
ChainDD

Aug 08

On August 2, the People's Bank of China held a video conference for the second half of 2019. The main task of the meeting is to convey and implement the important arrangements of the Party Central Committee and the State Council on economic and financial work, summarize the work in the first half of the year, analyze the current domestic and international economic and financial situation, as well as study and deploy the key tasks in the second half of the year. Gang Yi, president of the People's Bank of China, and Shuqing Guo, the secretary of the party committee, attended the meeting and made speeches.The members of the Party Committee of the People's Bank of China attended the meeting, including Yulu Chen, Gongsheng Pan, Yifei Fan, Hexin Zhu, Jiaai Xu and Guoqiang Liu. Yulu Chen officiated the meeting and made a concluding speech.

The meeting requested that the following work should be done in the second half of the year:

1. POBC will accelerate the pace of research and development of China's legal digital currency (DC/EP);
2. POBC will track and study the domestic and international development trend of virtual currency;
3.POBC will continue to strengthen Internet financial risk remediation.

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