Digital Yuan will be launched in 2-3 months, predicts HCM Capital

The founder and managing partner of the HCM Capital investment company Jack Lee stated that the digital yuan is ready and can be launched in the next 2-3 months.

In his interview, he also suggested that the central bank would use a digital currency to enhance control over capital flows. The application of the battery capabilities instead of monitoring serial number of banknotes will increase efficiency and simplify this process.

According to Jack Lee, China has developed a hybrid system in which transactions in digital currency will be performed through the current payment and banking infrastructure.

The Central Bank has not yet established the official launch time, but in September, a new head of the blockchain-division of the People’s Bank of China,

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