Wang Xin said international payment systems should be safer, more neutral and interconnected, while authorities prudently explore new payment tools and refine oversight.
PBOC Research Bureau head Wang Xin used remarks at the Lujiazui Forum on June 17 to call for international payment systems that are safer, neutral, more efficient and better connected across central bank and retail payment networks. He said authorities should prudently explore new payment tools, closely watch stablecoins’ effects on the international monetary system and cross-border payments, and improve regulatory rules. The comments place stablecoins within a broader policy discussion about how new digital payment instruments could affect monetary architecture and global settlement flows.