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Title |
Research on How to Use Digital Currency Technology to Accelerate the Process of RMB Internationalization |
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Author |
Zhitian Zhou, Duogui Yang |
| Citation |
Vol. 24 No. 12 pp. 47-52 |
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Abstract |
The internationalization process of RMB is facing unprecedented challenges. Based on an overview of the definition, characteristics and current application status of digital currency technology, the article analyzes the background, current situation, path and influencing factors of RMB internationalization, and analyzes the opportunities and challenges that digital currency technology brings to RMB internationalization. Specific impacts on cross-border payments, international settlements, investment and financing, and competitiveness were discussed. On this basis, some suggestions were put forward for Chinas digital currency in promoting the internationalization of the RMB, deepening integration, and strengthening supervision. |
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Keywords |
Digital currency technology; RMB internationalization; international competitiveness |
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