China may launch digital currency in the next two-three months, Jack Lee of HCM Capital said.
Speaking to CNBC, Lee said China could launch the central bank digital currency as soon as in 2020. Lee also highlighted China’s development of the DCEP or digital currency electronic payment ccn.com reported.
The launch of digital currency will enable to hand it over to the commercial banks and to other payment networks through Alipay and WeChat Pay systems.
Some experts, however, believe that digital currencies can increase the fraud risks, especially money laundering and financing of terrorism.
China is not the only country to launch digital currency. Last month Swiss national bank said they are working with the country's stock exchange to explore the possibility of using such currencies in trade.