Lu Lei, a senior official at China's foreign exchange regulator, highlights the programmability of central bank digital currencies (CBDCs), which could enhance monetary policy tools' effectiveness by allowing for adjustable expiration dates. Additionally, he emphasizes the safety and convenience of cross-border payments using CBDCs. China's digital yuan transaction volume reached $249.33 billion, although it still represents a small fraction of the country's M0 money supply. 🇨🇳💱 #CBDC #DigitalYuan