DCEP is the Chinese version of Central Bank Digital Currency(CBDC).It is the only legal digital currency in China and meets four conditions:(a)it is issued by the central bank;(b)it is digitized;(c)it is account and w...DCEP is the Chinese version of Central Bank Digital Currency(CBDC).It is the only legal digital currency in China and meets four conditions:(a)it is issued by the central bank;(b)it is digitized;(c)it is account and wallet based;(d)it is oriented towards the general public.As a retail central bank digital currency,it has three main technical features:a“tiered limit arrangement”(small-scale payments can be made anonymously while large-scale payments cannot),a“two-tier operating system”(as with the central bank-commercial bank traditional model),and a“dual offline payment system”(supporting both parties of the transaction).Compared with CBDCs in other countries,China’s DCEP has smaller economic impacts,more obscure strategic goals,and more scarce technical details.But its progress in testing is ahead of central banks of other countries.This article is based on public information and is intended to explain what DCEP is and why and how it was developed.It also offers suggestions for future research.展开更多
The rapid development of computer technology has brought great innovation to the operation of commodity economy. The emerging technology industries give an unprecedented release to the society productivity, including ...The rapid development of computer technology has brought great innovation to the operation of commodity economy. The emerging technology industries give an unprecedented release to the society productivity, including Internet finance, cloud computing, big data, intelligent manufacturing, automated factories, etc. The exchanged means and mediums of commodity economy develop from the traditional precious metals and banknote to electronic currency trading products produced by the mobile clients. The manufacturing scale and marketing channels of social commodity have achieved an unprecedented prosperity and extension. At this stage where the complex and changeable new industries rapidly replace the old ones, fully-automatic intelligent production management gradually replaces old-fashioned extensive labor-intensive manufacturing model, so as to lead to industry reforms of interactive exchange platforms of commodity manufacture transferring to the controllable, hi-speed, and personalized customization service controlled by remote terminal management.展开更多
文摘DCEP is the Chinese version of Central Bank Digital Currency(CBDC).It is the only legal digital currency in China and meets four conditions:(a)it is issued by the central bank;(b)it is digitized;(c)it is account and wallet based;(d)it is oriented towards the general public.As a retail central bank digital currency,it has three main technical features:a“tiered limit arrangement”(small-scale payments can be made anonymously while large-scale payments cannot),a“two-tier operating system”(as with the central bank-commercial bank traditional model),and a“dual offline payment system”(supporting both parties of the transaction).Compared with CBDCs in other countries,China’s DCEP has smaller economic impacts,more obscure strategic goals,and more scarce technical details.But its progress in testing is ahead of central banks of other countries.This article is based on public information and is intended to explain what DCEP is and why and how it was developed.It also offers suggestions for future research.
文摘The rapid development of computer technology has brought great innovation to the operation of commodity economy. The emerging technology industries give an unprecedented release to the society productivity, including Internet finance, cloud computing, big data, intelligent manufacturing, automated factories, etc. The exchanged means and mediums of commodity economy develop from the traditional precious metals and banknote to electronic currency trading products produced by the mobile clients. The manufacturing scale and marketing channels of social commodity have achieved an unprecedented prosperity and extension. At this stage where the complex and changeable new industries rapidly replace the old ones, fully-automatic intelligent production management gradually replaces old-fashioned extensive labor-intensive manufacturing model, so as to lead to industry reforms of interactive exchange platforms of commodity manufacture transferring to the controllable, hi-speed, and personalized customization service controlled by remote terminal management.
