How to understand China's approach to central bank digital currency?

【Author】 Wang, Heng

【Source】COMPUTER LAW & SECURITY REVIEW

【影响因子】2.707

【Abstract】China's central bank digital currency (CBDC), digital yuan or e-CNY, is likely to profoundly affect the international financial system. China's CBDC is fast evolving. Understanding the influencing factors of China's CBDC will likely be crucial to explore its future direction. Major influencing factors include (i) China's perception and conception of regulation and technology, (ii) complementarity between China's preferences and CBDC development, (iii) domestic and international legitimacy, and (iv) institutional development. This paper argues that these influencing factors contribute to China's likely approach of selectively reshaping the international financial system. Given the potential wide-ranging implications of the introduction of CBDC globally, China's approach may be significant in the next evolution of money.

【Keywords】Central bank digital currency; CBDC; Digital yuan; e-CNY; China; Technology; Regulation

【发表时间】2023 SEP

【收录时间】2023-10-01

【文献类型】观点阐述

【主题类别】

区块链应用-虚拟经济-CBDC