May 26, 2020 PBC governor states that the central bank has no timetable for the launch of Chinese CBDC.

The People’s Bank of China (PBC) governor Yi Gang stated in an interview that the central bank does not currently have a timetable for the release of its central bank digital currency (CBDC). The interview was conducted by the Financial Times and China Finance with the PBC releasing the corresponding transcript on Tuesday. The governor elaborated that the current tests are still in a research and development phase but that the system might be used in the 2022 Beijing Winter Olympics for reliability and stability checks.

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