Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Research on the Impact of Digital Currency on Commercial Banks

Authors
Zihan Teng1, *
1Southwestern University of Finance and Economics, Sichuan Province, No.555, Liutai Avenue, Tel: (+86) 13776104099, Chengdu City, China
*Corresponding author. Email: tengzh2001@163.com
Corresponding Author
Zihan Teng
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_121How to use a DOI?
Keywords
Digital currency; Commercial banks; Financial services; Risk prevention and control
Abstract

Digital currency, as a new form of currency, has a substantial impact on the evolution of currency. Due to its cheaper transaction costs, faster transaction speeds, and improved security level, the digital currency has become a significant part of the currency issue. In addition, compared with traditional currency, it is more in line with the requirement for development in the age of the digital economy and big data. The digital currency has greatly decreased operational expenses, diversified financial services, and enhanced the efficiency of cross-border settlements of commercial banks. Despite the benefits, it has confronted commercial banks with challenges in terms of risk prevention and control, business competitiveness, and overall profitability.【1】 To this end, commercial banks must enhance their comprehensive risk management capabilities, expedite the development of digital systems and expand their financial services in order to keep pace with the development of digital currency and meet China’s financial development needs.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_121How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zihan Teng
PY  - 2022
DA  - 2022/12/31
TI  - Research on the Impact of Digital Currency on Commercial Banks
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 827
EP  - 831
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_121
DO  - 10.2991/978-94-6463-036-7_121
ID  - Teng2022
ER  -