CBDC, whose full name is Centralbankdigitalcurrencies, translates to digital currency, the central bank.
In the research report on CBDC, the Bank of England defined that the digital currency is an electronic form of central bank currency, which can be used by families and enterprises to pay and store value.
The China version of CBDC is described as digital RMB, which is issued by the People's Bank of China, operated by designated operating institutions and exchanged with the public. Based on the generalized account system, CBDC supports the loose coupling function of bank accounts, which is equivalent to banknotes and coins. It has controllable and anonymous payment tools, value characteristics and compensation functions.
The DC/EP we are talking about is China's version of digital currency, the central bank, which is translated as "digital currency and electronic payment tools".
Two authoritative international organizations, the Center for International Settlements (BIS) and the Committee on Payment and Market Infrastructure (CPMI), jointly conducted two questionnaires on more than 60 central banks around the world in 20 18 and 20 19 respectively. The contents of the questionnaire include the work progress of central banks in digital currency, the motivation of studying digital currency and the possibility of issuing digital currency. 70% of the central banks said that they are participating in (or will participate in) digital currency's research.
Digital currency, the central bank, is a legal digital currency approved by the State Council. The central bank is organizing market institutions to engage in the research and development of the central bank digital currency.
On August 2, 20654381day, the central bank's WeChat WeChat official account published two articles about digital currency.
20 19 12, Yi Gang, governor of the people's bank of China, said that the central bank of China began to study digital currency from 20 14 and made positive progress. The People's Bank of China will combine digital currency with electronic payment tools, and will launch a package plan with the goal of replacing some cash.
On August 14, 2020, the Ministry of Commerce issued the Overall Plan for Comprehensively Deepening the Innovation and Development of Service Trade, and in the section of "Tasks, Specific Measures and Division of Responsibilities for Comprehensively Deepening the Innovation and Development of Service Trade", it was proposed that digital RMB should be piloted in qualified pilot areas in Beijing, Tianjin, Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and the central and western regions. First, it will be promoted by Shenzhen, Chengdu, Suzhou, xiong'an new area and other relevant departments of the future Winter Olympics, and then it will be promoted to other regions as appropriate. The pilot areas for comprehensive deepening are Beijing, Tianjin, Shanghai, Chongqing (Fuling District and other 2 1 municipal districts), Hainan, Dalian, Xiamen, Qingdao, Shenzhen, Shijiazhuang, Changchun, Harbin, Nanjing, Hangzhou, Hefei, Jinan, Wuhan, Guangzhou, Chengdu, Guiyang, Kunming, Xi 'an, Suzhou, Weihai and xiong'an new area, and Hefei, Hebei.