Analysis on the Reasons for Issuing E-CNY,Its Challenges and Countermeasures

Abstract

Digital currency is an inevitable outcome of the era of digital economy,and e-CNY belongs to the digital currency of the central bank.Its issuance has both internal reasons for reshaping the main payment status of commercial banks,enhancing financial stability,improving the effectiveness of monetary policy,reducing costs and increasing efficiency,and external reasons for promoting the internationalization of CNY.At present,the development of e-CNY is faced with the challenges of lack of policy protection,difficult promotion,impact on the financial system and other aspects,so we should perfect laws and regulations,promote through multiple channels and accurately prevent risks,and take effective development countermeasures to promote the healthy development of China’s digital economy.