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| Some Thoughts on Central Bank-issued Digital Currency |
| YAO Qian, TANG Yingwei
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Digital Currency Research Institute of the People's Bank of China;
Shanghai Commercial Paper Exchange Corporation LTD |
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Abstract Digital currencies may lead the future development of currency issuance and payment method, as banknotes are facing unprecedented challenges by new technologies like mobile payment, trustworthy cloud computing and block-chain, etc. Theoretically, this article introduces the definition and evolutional paradigms of digital currency,then characteristics of ideal digital currency are concluded.Technologically, after analyzed the potential advantages and unsolved problems of block-chain technology,we think CBDC system should adopt all kinds of mature technologies including block-chain. On the level of implementation, this article summarizes key points of issuing CBDC in China.
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Received: 16 March 2017
Published: 18 January 2018
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