Some progressive updates related to three phases of cryptocurrencies and how to implement CBDC.
Headlines
- Central bank digital currencies: foundational principles and core features
- Shenzhen to hand out 10 million digital yuan in currency giveaway
- 数字人民币真的来了！深圳联手央行派发1000万“数字红包”
Reading Notes
Central bank digital currencies: foundational principles and core features
Three key principles for a CBDC:
- Coexistence with cash and other types of money in a flexible and innovative payment system.
- Any introduction should support wider policy objectives and do no harm to monetary and financial stability.
- Features should promote innovation and efficiency.
https://www.bis.org/press/p201009.htm
Shenzhen to hand out 10 million digital yuan in currency giveaway
China’s CBDC pilots seem to be progressing apace.
On Oct. 5, PBoC’s deputy governor Fan Yifei announced that DCEP wallets processed 1.1 billion renminbi ($162 million) in transactions between April and August 2020.
According to the official, China’s central bank opened 113,300 personal digital wallets and 8,859 corporate digital wallets within the digital yuan initiative.
https://cointelegraph.com/news/shenzhen-to-hand-out-10-million-digital-yuan-in-currency-giveaway
数字人民币真的来了！深圳联手央行派发1000万“数字红包”
关于央行数字货币（DCEP – Digital Currency Electronic Payment，下称“数字人民币”）的消息频出，目前数字人民币已在深圳、苏州、雄安、成都，以及未来的冬奥场景进行内部封闭试点测试。
此次深圳市政府联合央行开展数字人民币红包试点，面向5万名中签人员发放总额高达1000万的红包，是进一步扩大数字人民币测试的应用场景。
这也预示着，数字人民币离面向社会公众推出又靠近了重要一步。
此次活动是向在深个人发放1000万元数字人民币红包，每个红包金额200元，数量共计5万个。
该红包可于10月12日18时至10月18日24时在深圳市罗湖区辖内已完成数字人民币系统改造的3389家商户无门槛消费。
https://finance.sina.com.cn/blockchain/coin/2020-10-09/doc-iivhvpwz0960147.shtml