Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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The application and development of CBDC in the “Belt and Road”: Take Singapore Ubin Project and m-CBDC Bridge as examples

Authors
Weihua Cai1, *
1Hong Kong Metropolitan University, Hong Kong, China
*Corresponding author. Email: 13850118563@163.com
Corresponding Author
Weihua Cai
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_164How to use a DOI?
Keywords
CBDC; the Belt and Road; Ubin Project; m-CBDC Bridge
Abstract

With the development of digital finance, some countries have begun to develop their own central bank digital currency (CBDC), hoping to maintain the legal status of sovereign currency and further promote the upgrade of trade while improving the level of digital financial services. As a national strategy led by China, “the Belt and Road” has promoted strategic cooperative relations with countries along the route from different aspects and provided various business application scenarios for the cooperative development of CBDC. Taking the Sin- gapore Ubin Project and m-CBDC Bridge as examples, this article analyzes the CBDC projects and cooperation projects in the countries along the route. In terms of future challenges encountered in carrying out CBDC cooperation under “the Belt and Road”, it is necessary to pay attention to the coordinated development with different countries. Finally, China can also extend CBDC cooperation to the Western European market through the strategy, thereby promoting the interna- tionalization of the e-CNY.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
10.2991/978-94-6463-098-5_164
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_164How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Weihua Cai
PY  - 2022
DA  - 2022/12/27
TI  - The application and development of CBDC in the “Belt and Road”: Take Singapore Ubin Project and m-CBDC Bridge as examples
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1445
EP  - 1449
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_164
DO  - 10.2991/978-94-6463-098-5_164
ID  - Cai2022
ER  -