Digital Yuan Will Revolutionize Chinese Retail Payments - Central Bank Exec

A Chinese central bank chief has claimed the digital yuan will revolutionize the way the nation makes retail payments, and suggested the CBDC could one day "completely replace" cash. Per Yicai, Mu Changchun, Head of the Digital Currency Research Institute at the People's Bank of China (PBoC), made the comments at the China International Financial Annual Forum this week....