March 10 (ChainDD) According to the Shanghai Securities News, Lihui Li, the former governor of the Bank of China, said recently that the digital RMB was on a fast lane of development, while legal digital currencies of major overseas economies were making slow progress.

"In terms of improving the cross-border payment environment, digital RMB should strive to play a leading role, which is conducive to promoting the development of inclusive finance," he said.

Li said that China should strive to make the Digital RMB the world's best central bank digital currency, "this move can also cope with the impact of virtual currencies on the current monetary and financial system, which is conducive to safeguarding national monetary sovereignty and improving China's status in the global monetary and financial system."