On April 17, the People ’s Bank Digital Currency Research Institute stated that the current online DC / EP information is the test content in the process of technology research and development, and does not mean that the digital RMB is officially issued. The current closed testing of digital RMB will not affect the commercial operation of listed institutions, nor will it affect the RMB issuance and circulation system, financial market and social economy beyond the testing environment.
The People ’s Bank of China has been studying legal digital currency since 2014. At the end of 2017, with the approval of the State Council, the People’s Bank of China organized some strong commercial banks and relevant institutions to jointly develop the research and development of the digital RMB system (DC / EP).
It is understood that the current digital RMB research and development work is being steadily advanced. The digital RMB system has basically completed the top-level design on the premise of insisting on double-layer operation, M0 substitution, and controllable anonymity. , Standard setting, function research and development, joint debugging test, etc., and follow the principles of stability, safety, controllability, innovation, and practicality. At this stage, the internal closed pilot test will be conducted in Shenzhen, Suzhou, Xiong’an, Chengdu and the future Winter Olympics To continuously optimize and perfect functions.