Summary of recent central bank digital currency dynamics
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01. China
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02. Cambodia
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03. Switzerland
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04. Brazil
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05. United States
According to The Block, the Financial Technology Working Group of the U.S. House of Representatives Financial Services Committee will hold a hearing on Thursday to discuss how to better provide stimulus funds in emergencies such as the COVID-19 pandemic, in which the idea of a digital dollar will become the main topic of discussion.
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06. Marshall Islands
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07. Lithuania
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08. Japan
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09. South Korea
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10. Europe
European Central Bank executive member Schnabel recently said that cash is still very popular in the euro zone, but there are some differences between member states. We are always ready to explore innovations such as digital currencies, but have no intention of giving up cash.
The above are the latest developments of central bank digital currencies in various countries recently. We can also see from these developments that under the epidemic situation, the situation is forced, and the trend of the digital economy is where the research and development of central bank digital currencies in various countries have been laid out and accelerated. At the same time, we can also see that a number of smaller countries, in addition to the Marshall Islands mentioned above, as well as Mauritius, Bahamas, Sweden and other countries mentioned in our previous article, have stated that their central bank digital currency is currently It has entered the testing and pilot phase, and the release time has basically been clearly stated.
However, countries with large countries or large economies, such as China, Japan, South Korea, the United States, Russia, etc., are generally relatively cautious about the R&D and launch of central bank digital currencies, and have not made specific release dates. respond. However, among countries with relatively large volume and economic volume, China's speed and progress in central bank digital currency research and development are faster than other countries. At present, my country's central bank's digital currency DCEP has begun pilot use in designated areas and designated scenarios, but there has been no official announcement on when it will be rolled out on a large scale and the specific release time.
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