Digital money, cash to co-exist

Caixin: The PBOC held a seminar on digital currency on Jan 20, saying that the central bank will try to launch its own digital currency as soon as possible. What are the considerations behind this?

Mr Zhou: The People's Bank of China has studied digital currency for a long time. History shows that currency has evolved together with technological advances and development of economic activities.

The evolution from early-stage physical currency and commodity currency to the later credit currency was a result of adapting to the development of commercial society.