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Analysis of the risks brought by the issuance of fiat digital currency in China and correlated strategy

In: Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)

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  • Rongfei Wan

    (The University of Warwick)

Abstract

The rapid development of the digital economy and financial technology has brought the thriving of digital currency. The currency in the market will likely be greatly converted from real to digital in the future. Under the circumstances of digital economy development, the e-CNY shows its value functions, and the implementation of such fiat digital currency may solve many problems existing in traditional currency. However, since the appearance time and application experience are poor, there are many potential risks in the process of implementing and developing digital currency healthfully. Based on the definition of digital currency and the value of implementing e-CNY, this paper analyzes the risks that may be brought by the implementation of fiat digital currency in China and puts forward relevant policy suggestions that are conducive to its issuance and promotion, to provide a reference for the promotion and application of digital currency in China.

Suggested Citation

  • Rongfei Wan, 2024. "Analysis of the risks brought by the issuance of fiat digital currency in China and correlated strategy," Advances in Economics, Business and Management Research, in: Khaled Elbagory & Zefu Wu & Hamdan Amer Ali Al-Jaifi & Shafie Mohamed Zabri (ed.), Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024), pages 612-617, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-408-2_68
    DOI: 10.2991/978-94-6463-408-2_68
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