China State Bank Official Demands Draft Digital Yuan Law: Report Technology By Sunil yadav On Mar 8, 2022 0 Share (adsbygoogle = window.adsbygoogle || []).push({}); In view of China’s ongoing test phase of the Digital Yuan, a senior Chinese state bank official has emphasised on the need for new laws and regulations to alleviate privacy concerns and pen down how it operates. Wang Jingwu, Vice President and Chief Risk Officer, Industrial and Commercial Bank of China, pointed out that the People’s Bank of China (PBoC) can track a Digital Yuan transaction chain from issuance to circulation. Operating agencies, too, can…