Quotable quotes from Boao Forum
Li Bo, deputy governor of the People's Bank of China
China considers Bitcoin and Stablecoin as cryptoassets, which means they are not seen as real currencies, but only as investment assets. The nation is planning to improve the regulatory environment for these alternative investments, to ensure that speculative activity will not result in serious financial risks.
"There is no detailed timetable on the progress of the digital yuan," Li said adding that there are still things to be done before the nationwide rollout of the digital currency, including increasing the number of trials and expanding its scope.
Li said authorities are considering launching trials in more cities and having them cover more usage scenarios to enhance the eco-system of the digital yuan.
