China will continue to advance the development of its central bank digital currency, or eCNY, and improve its design, the People's Bank of China governor Yi Gang said on Tuesday.
China will test eCNY's impact on its monetary policy and financial markets, Yi said via video at a Bank of Finland event.
Yi also said eCNY aims to meet the need of domestic retail payments as cross-border digital payments involve more complicated issues, such as anti-money laundering.
(Reporting by Kevin Yao and Beijing newsroom; Editing by Andrew Heavens)
