Report excerpt | The central bank’s digital yuan system provides eight core services, and its smart contract ecosystem service framework embodies five principles
According to Caixin, serving as the “heart” of the digital yuan infrastructure, the central bank’s digital yuan system provides eight core services: diverse cross-institution payment and settlement, unified liquidity management, issuance management, a smart contract ecosystem service framework, digital yuan digital assets, unified wallet management, unified data, and unified intelligent risk control. It has five characteristics: Digitalized, Connected, Economical, Productive, and Speedy.
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