The 2022 Beijing Winter Olympics is expected to be a "touchstone" of the digital RMB application, according to Li Lihui, former president of the Bank of China in an exclusive interview with China Daily.

Li, also the head of the blockchain research working group at the National Internet Finance Association of China, said that application scenarios of digital RMB now involve almost all fields of commerce, trade and tourism in 10 pilot cities, with millions of merchants in participation across the country.

As the Beijing Winter Olympics are approaching, he is full of confidence that digital RMB will be available in some entry-exit places, venues and hotel service sectors.

Besides, Li also shared his views on data security and privacy protection that concerns the public, and how to maintain monetary sovereignty in the era of the digital economy.

Watch the video and know more.