Research Article
A Study of the Development of China's Digital Currency
@INPROCEEDINGS{10.4108/eai.18-11-2022.2327140, author={Weihao Song}, title={A Study of the Development of China's Digital Currency}, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={digital currency online payment technological devices internet cryptocurrency}, doi={10.4108/eai.18-11-2022.2327140} }- Weihao Song
Year: 2023
A Study of the Development of China's Digital Currency
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2327140
Abstract
Digital currency is the product of innovation in information technology. This new form of money triggered huge changes in people's lives, reducing information and transaction costs, eliminating time and geographical restrictions, and the limitations of paper money circulation expanded the space for transactions. It is convenient and accurate, making public life easier and faster. However, advantages and disadvantages exist side by side. As the most representative digital currency globally, cryptocurrency has the characteristics of decentralized issuance, total stability, and anonymous transactions, which have impacted. Under the view of experience brought by cryptocurrency in China, the study aims to research the development of digital currencies in China through a literature analysis method and a case study method. It is crucial to how China develops relevant policies and regulations to adapt to the current monetary environment. With the help of this study, a certain theoretical basis for the development of digital currencies is brought to light.