China FX regulator says CBDC features could improve monetary policy

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SHANGHAI - A Chinese foreign exchange regulator official said"programmable features" of a central bank digital currency could help enhance the effectiveness of monetary policy tools, state media reported on Friday.

Programmable features in a CBDC are settings that can be changed. For example, money can be programmed to have an expiration date or be restricted for certain uses. Lu also said cross-border payments based on CBDCs can make transactions safe, convenient and inclusive.

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