1 thought on “About the central bank's digital currency, this is the most in -depth public interpretation of Zhou Xiaochuan so far”
Natasha
Digital RMB is getting closer. Following the Shenzhen red envelope, it is reported that the recent digital RMB may still conduct public tests in other cities.
but most people are still unfamiliar with the central bank's digital currency, and various misunderstandings and misunderstandings are inevitable.
At the second Bund Financial Summit held recently, Mu Changchun, director of the Central Bank Digital Currency Research Institute, clarified people's biggest misunderstandings about digital RMB. He said: "WeChat, Alipay and Digital Renminbi is not a dimension. WeChat and Alipay are financial infrastructure, wallets, and digital RMB is the content of payment tools and wallets ... At the same time, Tencent, ants' respective commercial banks also belong to the operating institution, so and digital RMB There is no competitive relationship. "
On November 27th, a series of seminar on the" Digital Financial Innovation and Economic Development "series of" Digital Financial Innovation and Economic Development "held at Peking University Digital Financial Research Center and the Five Five of Peking University Digital Financial Research Center At the anniversary event, Zhou Xiaochuan, president of the Chinese Society of Finance and the former president of the People's Bank of China, further clarified the central bank's digital currency (DC/EP), digital RMB (E-CNY), and the global central bank digital currency (CBDC) (CBDC) relation. Zhou Xiaochuan said that DC/EP is a double -layer research and development and pilot project plan, not a payment product. The DC/EP project plan may contain several types of payment products that can be tried and promoted. These products are finally named E-CNY, that is, digital RMB.
It, DC/EP and CBDC's development ideas are different. For example, in the idea of CBDC, monetary ownership and liability liability belong to the central bank, and in DC/EP, the second-level commercial institution actually has the ownership of E-CNY and the guarantee of payable.
The Zhou Xiaochuan also emphasized that in the DC/EP's dual-layer operation system, the central bank and the second layer of the second layer of architecture are not a simple wholesale that people understand- Retail relationship. In fact, the second -level institution needs to bear a series of compliance responsibilities such as KYC, anti -money laundering, and user data privacy protection. General CBDC often believes that these responsibilities belong to the central bank.
Chen Xiaochuan introduced that DC/EP is a double -layer R
Digital RMB is getting closer. Following the Shenzhen red envelope, it is reported that the recent digital RMB may still conduct public tests in other cities.
but most people are still unfamiliar with the central bank's digital currency, and various misunderstandings and misunderstandings are inevitable.
At the second Bund Financial Summit held recently, Mu Changchun, director of the Central Bank Digital Currency Research Institute, clarified people's biggest misunderstandings about digital RMB. He said: "WeChat, Alipay and Digital Renminbi is not a dimension. WeChat and Alipay are financial infrastructure, wallets, and digital RMB is the content of payment tools and wallets ... At the same time, Tencent, ants' respective commercial banks also belong to the operating institution, so and digital RMB There is no competitive relationship. "
On November 27th, a series of seminar on the" Digital Financial Innovation and Economic Development "series of" Digital Financial Innovation and Economic Development "held at Peking University Digital Financial Research Center and the Five Five of Peking University Digital Financial Research Center At the anniversary event, Zhou Xiaochuan, president of the Chinese Society of Finance and the former president of the People's Bank of China, further clarified the central bank's digital currency (DC/EP), digital RMB (E-CNY), and the global central bank digital currency (CBDC) (CBDC) relation.
Zhou Xiaochuan said that DC/EP is a double -layer research and development and pilot project plan, not a payment product. The DC/EP project plan may contain several types of payment products that can be tried and promoted. These products are finally named E-CNY, that is, digital RMB.
It, DC/EP and CBDC's development ideas are different. For example, in the idea of CBDC, monetary ownership and liability liability belong to the central bank, and in DC/EP, the second-level commercial institution actually has the ownership of E-CNY and the guarantee of payable.
The Zhou Xiaochuan also emphasized that in the DC/EP's dual-layer operation system, the central bank and the second layer of the second layer of architecture are not a simple wholesale that people understand- Retail relationship. In fact, the second -level institution needs to bear a series of compliance responsibilities such as KYC, anti -money laundering, and user data privacy protection. General CBDC often believes that these responsibilities belong to the central bank.
Chen Xiaochuan introduced that DC/EP is a double -layer R