ICBC president: technology reinforces trust but cannot replace it
- —Liu Jun: without transparent oversight of algorithms and backing, trust in digital currency cannot hold
- —A currency's global standing depends on overall national strength, not technology
- —Yuan internationalization requires diverse market participants and global regulatory coordination
- —RWA tokenization should not drift away from serving the real economy
Why it matters: A signal from China's largest bank that Beijing will push the digital yuan and tokenization only under close regulatory control.
Source: PANews