Mu Changchun, the director general of the digital currency research institute at the People’s Bank of China. Photo: Handout Mu Changchun, the director general of the digital currency research institute at the People’s Bank of China. Photo: Handout
Mu Changchun, the director general of the digital currency research institute at the People’s Bank of China. Photo: Handout

Digital yuan and payment apps Alipay and WeChat Pay are not competitors, China’s central bank says

  • Digital wallets are the IT infrastructure that supports the use of the digital currency, PBOC official says
  • Central bank is clarifying role of the digital currency, ‘which is a sovereign currency’, analyst says

Topic |   China digital currency
Mu Changchun, the director general of the digital currency research institute at the People’s Bank of China. Photo: Handout Mu Changchun, the director general of the digital currency research institute at the People’s Bank of China. Photo: Handout
Mu Changchun, the director general of the digital currency research institute at the People’s Bank of China. Photo: Handout
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