China's central bank looks forward to the work of digital renminbi: no timetable for launch
China News Service, Beijing, July 16 (Reporter Wang Enbo) The People's Bank of China released the "White Paper on China's Digital RMB R&D Progress" on the 16th.
The white paper stated that the People's Bank of China will continue to steadily advance the digital renminbi R&D pilot program in accordance with the national "14th Five-Year Plan" plan and will not pre-set a schedule for launch.
The white paper stated that the future will focus on three major areas of work.
One is to continue to advance the R&D pilot work in a steady and orderly manner.
It mentioned that, according to the preliminary test work, combined with the development plan and local characteristics of the pilot test area, further expand the coverage of the pilot test application scenarios, achieve full coverage of the application scenarios in the specific pilot area, create a digital RMB ecosystem, and continue to explore and economic The new application model of digital renminbi that is compatible with the society has promoted the continuous deepening of the pilot work.
The second is to study and improve relevant system rules.
Actively promote the revision of the "People's Bank of China Law" and other laws and regulations.
Research and formulate management measures related to digital renminbi, and strengthen the protection of personal information of digital renminbi.
Improve business rules and technical standards.
Establish and complete a full-process security management system for the digital renminbi operating system, organize and carry out comprehensive system security testing and evaluation in terms of password application security, financial information security, data security, and business continuity to ensure the safe and stable operation of the system.
The third is to strengthen research on major issues.
Deepen the research and evaluation of the in-depth influence of legal digital currency on monetary policy, financial system, and financial stability, and lay a good theoretical policy foundation and application prospects for the research and development of digital renminbi.
At the same time, actively participate in the international exchange of legal digital currency, discuss the formulation of legal digital currency standards and rules in an open and inclusive way, and jointly promote the development of legal digital currency.
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