Digital Currency Electronic Payment (DCEP)

Описание к видео Digital Currency Electronic Payment (DCEP)

DCEP, the digital payment system of China’s fiat currency rolled out by the Chinese government, is designed to supercede the cash in circulation (M0), thus reducing the costs of issuing, printing, withdrawing, and preserving bank notes and bills, preventing financial crimes like forging and AML. DCEP is legally effective as fiat currency and can be used on various APPs. In the future it will be involved in people’s daily life and not allowed to be rejected by any individuals or institutions.

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