Publication Type
Journal Article
Version
publishedVersion
Publication Date
3-2023
Abstract
The only central bank money individuals and businesses have today is cash. Everything else they use as money is commercial bank promises. Central bank digital currencies (“CBDC”) will likely change all this by putting central bank money into everyone’s hands. China is a front runner in this revolution, and its CBDC, the e-CNY, may well in time profoundly affect the international economic order. This article analyses the major considerations around the e-CNY, its ramifications, in particular for trade, and its possible challenges.
Keywords
Central bank digital currency, cryptoassets, stablecoins, e-CNY, digital yuan, Digital Currency/Electronic Payment (“DC/EP”), e-Renminbi, sovereign digital currencies
Discipline
Asian Studies | Banking and Finance Law | E-Commerce
Research Areas
Public Interest Law, Community and Social Justice
Publication
Singapore Journal of Legal Studies
Volume
[2023]
First Page
145
Last Page
172
ISSN
0218-2173
Publisher
National University of Singapore
Citation
WANG, Heng and BUCKLEY, Ross.
The coming central bank digital currency revolution and the e-CNY. (2023). Singapore Journal of Legal Studies. [2023], 145-172.
Available at: https://ink.library.smu.edu.sg/sol_research/4281
Copyright Owner and License
Publisher
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.