Central Bank Digital Currencies will Change the Landscape of the Global Monetary System

Abstract : The basic structure of China's Central Bank Digital Currency (CBDC) has been clear.


Feb 15

February 15 (ChainDD) Li Lihui, former governor of the Bank of China, said in a statement that the basic structure of China's Central Bank Digital Currency (CBDC / DCEP) has been clear.

Besides, the policy attitudes and concrete actions of most countries around the world show that the issuance of CBDC is no longer a question of "whether to take it or not", but a question of the time required for credible technological innovation and feasible institutional innovation. While people are full of expectations, they pay special attention to what the CBDC will change.

In his opinion, first, it will change the pattern of the payment market. Second, change the competitive landscape in banking. Third, change the pattern of money market regulation. Fourth, change the shape of the global monetary system.

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