Analysis on risks and Development Countermeasures of Central Bank digital RMB issue

Abstract

This paper starts with an overview of the connotation, characteristics and operation system of the Central Bank's digital RMB, and analyzes the risks and challenges faced by the issuance of digital RMB from four levels: technology, macroscopical, legal and dual operation system. This paper puts forward four development countermeasures: establishing and perfecting the financial supervision laws and regulations corresponding to the digital RMB, speeding up the formation of the core technical system of the digital RMB, ensuring the security of the issue and circulation, establishing the modern financial operation system corresponding to the business form of the digital RMB, strengthening the international exchange and cooperation of the digital RMB, and promoting the construction of the international payment and settlement system of the digital RMB.