Former Japanese officials: The leading position of the Digital Currency Development De

The former head of the Japan Financial Agency, Hiroshi Hiroshi, said that China has made rapid progress in the issuance of central bank digital currency (CBDC).Essence

According to Reuters, central banks of many countries have accelerated their efforts to develop digital currency to achieve modernization of financial systems.

The Federal Reserve officials expressed strong doubt about the necessity of Fed's digital currency on Monday, but Yuan Teng said that if the world's second largest economy introduces CBDC, this cautious attitude may change.

Haru Teng Zhou said: "If CBDC is launched, China will have a strong social infrastructure."

"This is a difficult move for other countries. Japan and other developed countries will face a tricky question to follow up at a fast speed," said Yuan Teng.He has kept close contact with the Japanese Financial Agency and officials of the Bank of Japan.

During the financial department as the chief of the Financial Department, a series of supervisors, including banks and digital currencies.