Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

Chinese central bank exec says digital yuan will offer ‘controllable anonymity’

Chinese central bank governor Yi Gang, in a recent speech at Hong Kong Fintech Week, noted that the digital yuan is being positioned as an alternative to cash in China, a country with a robust digital payment infrastructure.

Yi promised that data will be encrypted and stored and, personal sensitive information would be anonymized and not shared with third parties.