e-CNY

Link to announcement: www.jri.co.jp

Pilot → Cancelled

Link to announcement: finance.sina.cn

Link to announcement: www.ledgerinsights.com

Link to announcement: www.pbc.gov.cn

Link to announcement: www.globaltimes.cnwww.ithome.com

Link to announcement: finance.sina.com.cn

Link to announcement: www.ledgerinsights.com

Link to announcement: www.hkma.gov.hk

Link to announcement: www.ledgerinsights.com

Description: In April 2020, China became the world's first major economy to pilot a digital currency. People's Bank of China are aiming for widespread domestic use of the DC/EP by the 2022 Winter Olympics in Beijing. → China's e-CNY is a state-backed digital currency, operationalized to streamline transactions and integrate with global financial systems. This CBDC, under the oversight of the People's Bank of China (PBOC), aims to digitize parts of the physical currency supply and provide an efficient, secure alternative to traditional payment methods. Piloted in several cities and by major banks, it's rapidly expanding with innovative features like NFC payments and offline transactions. With over 1.8 trillion yuan in transactions, e-CNY is now interoperable with apps like WeChat and Alipay. Cross-border payment systems like mBridge illustrate its potential for international trade finance. User adoption is encouraged through wallet-opening machines for tourists and potential features like expiration dates to stimulate spending. The Digital Yuan strives to maintain user privacy with controlled anonymity and is rolling out in various scenarios from government salaries to smart contract applications.

Link to announcement: www.21jingji.com

Link to announcement: cointelegraph.com

Link to announcement: finance.eastmoney.com

Link to announcement: cointelegraph.comcryptonews.com

Link to announcement: mp.weixin.qq.com

Link to announcement: www.reuters.com

Link to announcement: www.scmp.com

Link to announcement: www.thepaper.cn

Link to announcement: www.linkedin.comwww.yicaiglobal.com

Main motivation/goals of the CBDC: The main goal of e-CNY to provide a convenient, yet more efficient and secure retail payment system to increase financial inclusion, preserve monetary sovereignity, and to provide a "back up" payment infrastructure for the private sector payment solutions. Further, fair competition and interoperability should be promoted. → The main goal of e-CNY to provide a convenient, yet more efficient and secure retail payment system to increase financial inclusion, preserve monetary sovereignity, and to provide a "back up" payment infrastructure for the private sector payment solutions. Further, fair competition and interoperability should be promoted.

Link to announcement: www.scmp.com

Link to announcement: bfsi.economictimes.indiatimes.com

Link to whitepaper: celo.org

Link to announcement: mp.weixin.qq.com

Link to announcement: blockchain.news

Link to announcement: www.pbc.gov.cn

Proof of concept → Pilot

Description: In April 2020, China became the world's first major economy to pilot a digital currency. People's Bank of China are aiming for widespread domestic use of the DC/EP by the 2022 Winter Olympics in Beijing.

DLT / non-DLT: Non-DLT

Main motivation/goals of the CBDC: The main goal of e-CNY to provide a convenient, yet more efficient and secure retail payment system to increase financial inclusion, preserve monetary sovereignity, and to provide a "back up" payment infrastructure for the private sector payment solutions. Further, fair competition and interoperability should be promoted.

Link to announcement: forkast.newsfinance.sina.com.cnjonasgross.medium.combaijiahao.baidu.comwww.bjnews.com.cnwww.xinhuanet.comchinaeconomicreview.comdecrypt.cowww.chinabankingnews.comwww.chinabankingnews.comwww.reuters.com

Link to whitepaper: www.pbc.gov.cn

Research → Proof of concept

Retail/Wholesale: Retail

Structure: Account

Technology Provider: Feitian Technologies

None → Research

Announcement Year: 2014

Country / Region: China

Central Bank(s): People's Bank of China