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

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

Authors
Rongfei Wan1, *
1The University of Warwick, Coventry, CV4 8UW, UK
*Corresponding author.
Corresponding Author
Rongfei Wan
Available Online 7 May 2024.
DOI
10.2991/978-94-6463-408-2_68How to use a DOI?
Keywords
China; fiat digital currency; risk analysis
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.

Copyright
© 2024 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 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
7 May 2024
ISBN
10.2991/978-94-6463-408-2_68
ISSN
2352-5428
DOI
10.2991/978-94-6463-408-2_68How to use a DOI?
Copyright
© 2024 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  - Rongfei Wan
PY  - 2024
DA  - 2024/05/07
TI  - Analysis of the risks brought by the issuance of fiat digital currency in China and correlated strategy
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 612
EP  - 617
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_68
DO  - 10.2991/978-94-6463-408-2_68
ID  - Wan2024
ER  -