Jack Lee, managing partner of HCM Capital, said China has 'all the system and the network ready' for its central bank to issue a national digital currency.
could start rolling out its digital currency as early as the next two to three months, predicted the managing partner of an investment firm backed by Foxconn Technology Group.
China has developed a framework called the Digital Currency Electronic Payment or DCEP, according to Jack Lee, managing partner of HCM Capital. That would allow its central bank to issue a digital currency to commercial banks and third-party payment networks by Alipay and WeChat Pay, he explained. "So, they already have all the system and the network ready. I think you will see it very soon, in the next maybe two to three months," Lee told CNBC's Tanvir Gill at the Singapore FinTech Festival on Monday.HCM Capital has invested in a number of blockchain start-ups, according to Reuters. It's backed by Taiwanese electronics manufacturer
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