“Currently, the digital renminbi has achieved phased results and is undergoing internal closed tests.” The heavy information disclosed by Fan Yifei, the deputy governor of the central bank, in public a few days ago, once again aroused heated discussions on the central bank’s digital currency (DC/EP) . Since the establishment of the Central Bank Digital Currency Research Institute in 2016, China’s central bank digital currency research and development has lasted 5 years. Since last year, officials have stated that the digital currency is “ready to come out”, and the official has also explained its design mechanism. The central bank’s digital currency has gradually revealed its mystery; this year, it has piloted in Shenzhen, Suzhou, Xiong’an New District, and Chengdu. At the end of August, the registration channel of its central bank’s digital currency wallet was briefly opened to the public. Various signs indicate that the central bank’s digital currency has gradually approached and will “fly into the homes of ordinary people”.
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