Table 2 Characteristics of DCEP
From: Understanding the adoption context of China’s digital currency electronic payment
Traits | Explanation |
|---|---|
Legality | The DCEP is issued and managed by the People’s Bank of China |
Technology characteristics | Circulation, storage, offline transaction, controllable anonymity, unforgettably, non-repeatable transaction, and non-repudiation |
Position | The DCEP is mainly positioned as cash in circulation (M0), a public product provided by the central bank to the public, and will not charge for services such as fund intercourse |
Currency issuance | A two-tier operating system: “Central Bank-Commercial Bank” dual system |
Core system | Digital currency-issuing database, digital currency commercial bank database, certification center, registration center, and big data analysis center |
Monetary Account | Broad Account System: Anything that can uniquely lock a personal identity can become an account |
Wallet opening | Loosely coupled accounts: A DCEP wallet can be launched without a bank account |
Currency anonymity | Anonymous payment within a certain amount |
Monetary credit | National Credit Endorsement |