China
TokenPost
ICBC's Liu Jun: "Technology cannot replace trust" — stresses accountability and oversight
- Liu Jun, President of ICBC, made the remarks at the first annual Digital Yuan (e-CNY) conference held during the 2026 Financial Street Forum annual meeting, as reported by PANews citing Caixin on October 21.
- The Digital Yuan (e-CNY) is the central bank digital currency (CBDC) issued by the People's Bank of China.
- Liu stressed that a digital currency's recognition as money hinges on how credit is backed, fulfilled, and held accountable — not on algorithmic design — warning against technology or linked assets lacking transparent oversight.