Jack Lee, the founder and managing partner of the investment company HCM Capital, said that the digital yuan is already ready and can be launched in the next 2-3 months.
In his interview, he also suggested thatThe central bank will use digital currency to strengthen control over capital flows. Using blockchain capabilities instead of monitoring banknote serial numbers will increase efficiency and simplify this process.
According to Jack Lee, China has developed a hybrid system in which digital currency transactions will be made throughexisting payment and banking infrastructure.
The Central Bank has not yet set official launch dates, but in September the new head of the blockchain division of the People's Bank of China revealed some technical features of the digital yuan.
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