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26 October 2020

China’s Digital Yuan Blurs the Lines Between CBDCs and Crypto - CoinDesk

China’s Digital Yuan Blurs the Lines Between CBDCs and Crypto - CoinDesk

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China’s digital yuan, or DC/EP, is not just important from the perspective of geopolitics and its implications for the current underpinnings of the global financial system.

What is arguably as significant is the technical design of this system – the first production-scale retail CBDC system in the world.

As a result, the design choices of the DC/EP system are of high interest for the many  central banks working on CBDCs.

This is in wide divergence to many of the other deliberations we see around the world on CBDC design, where there is a clear demarcation between the world of cryptocurrencies and central bank issued money.

Similarly, in the design of the DC/EP system, there is a unique feature of hardware chip-card wallets.

There are also multiple levels of users within the digital currency system of the DC/EP

These and many more technical dimensions of the digital yuan architecture are examined in depth in our reports. 

The architecture of the digital yuan could spur central banks all over the world into leveraging similar features

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