Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)

The Development and Impact of Central Bank Digital Currency

Authors
Xujia Huang1, , Ziyu Yang2, , Chenkai Zhou3,
1La Trobe of business, La Trobe University, Melbourne, 3000, Australia
2Deakin of business, University of Deakin, Melbourne, 3000, Australia
3Villanova school of business, Villanova University, Villanova, 21410, United States

These authors contributed equally

*Corresponding author. Cczhou7@villanova.edu
Corresponding Author
Xujia Huang
Available Online 1 July 2022.
DOI
10.2991/aebmr.k.220603.056How to use a DOI?
Keywords
Digital currency; Network technology; Government policy
Abstract

Digital currency, which is a kind of digital token that exists on a distributed and decentralized ledger, is under the spotlight of the public’s discussion. Chinese government desires to promote the establishment of a currency service system that is oriented to the digital economy era, which is beneficial to the public, and universally innovative and open. This essay introduces the reasons that the Chinese government aims to promote a new type of digital RMB, and the disadvantages the digital currency is facing now such as regulatory problems compared with existing third-party payment methods and the impact of the promotion of digital currency on third-party payment. To solve these problems, this study focuses on the integration of third-party payment and digital currency, the traffic of third-party payment and digital currency users, and the security of the blockchains. This study aims to solve the practical problems which the digital currency might face and help to promote the development of digital RMB.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
1 July 2022
ISBN
10.2991/aebmr.k.220603.056
ISSN
2352-5428
DOI
10.2991/aebmr.k.220603.056How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

TY  - CONF
AU  - Xujia Huang
AU  - Ziyu Yang
AU  - Chenkai Zhou
PY  - 2022
DA  - 2022/07/01
TI  - The Development and Impact of Central Bank Digital Currency
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 342
EP  - 347
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.056
DO  - 10.2991/aebmr.k.220603.056
ID  - Huang2022
ER  -