China’s CBDC and International Landscape

 

Central bank digital currency (CBDC) is a game changer for the economy in digital era. As a fiat currency, CBDC affects numerous actors ranging from commercial banks and other businesses to households. It brings new issues, including data regulation and a new CBDC ecosystem that will profoundly affect business practice and even daily life. China is likely the first major economy to issue CBDC. An increasing number of countries are also exploring CBDC. This event discussed cutting-edge issues. For instance, what is the future of CBDC? How would it likely affect banks, other businesses and the public? How would market players engage with it? What would the international landscape look like after its official launch? 

 

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