Analysis of the risks brought by the issuance of fiat digital currency in China and correlated strategy

Rongfei Wan
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Rongfei Wan: The University of Warwick

A chapter in Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024), 2024, pp 612-617 from Springer

Abstract: Abstract The rapid development of the digital economy and financial technology has brought the thriving of digital currency. The currency in the market will likely be greatly converted from real to digital in the future. Under the circumstances of digital economy development, the e-CNY shows its value functions, and the implementation of such fiat digital currency may solve many problems existing in traditional currency. However, since the appearance time and application experience are poor, there are many potential risks in the process of implementing and developing digital currency healthfully. Based on the definition of digital currency and the value of implementing e-CNY, this paper analyzes the risks that may be brought by the implementation of fiat digital currency in China and puts forward relevant policy suggestions that are conducive to its issuance and promotion, to provide a reference for the promotion and application of digital currency in China.

Keywords: China; fiat digital currency; risk analysis (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-408-2_68

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DOI: 10.2991/978-94-6463-408-2_68

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