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We analyze the motivations of the PBoC to promote CBDC, how we define it and how it is going to operate. We also discuss some special characteristics of e-CNY and its potential risks on financial stability etc.
The issue of cryptocurrencies such as bitcoin and ether, among many others, has been increasing in recent years. Their use has been driven by the wish to use a decentralised currency that is not controlled by a central bank. Paradoxically, the technological development that made it popular is also within reach of the author…
