Digital Yuan Project’s Former Head Say Spying Is Not Goal
China is not creating a digital currency in order to spy on its citizens, the former head of the central bank’s digital yuan project said. "Helping the government see all transactions in real time was not the intention," of the People’s Bank of China’s digital currency institute, said Yao Qian, its first director. The comments came in response to comments by U.S. Federal Reserve Chairman Jerome Powell.
