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ECNY - You need to Know

What is e-CNY?

e-CNY (internationally abbreviated as e-CNY) is a digital form of legal tender issued by the People’s Bank of China, operated and exchanged to the public by designated operating institutions. It is based on a broad-account system, supports loosely-coupled functions with bank accounts, is equivalent to physical notes and coins, possesses value characteristics and legal tender status, and supports controllable anonymity.

Eight Key Features of e-CNY

  1. Digital Form: e-CNY is a digital form of legal tender, equivalent to physical notes and coins.
  2. Broad-Account System: e-CNY’s issuing institution is the issuer of the broad-account system, which is an account system established by the International Organization for Standardization (ISO), supporting loosely-coupled functions with bank accounts, with value characteristics and legal tender status.
  3. Designated Operating Institutions: e-CNY’s issuing institution consists of designated operating institutions, which are organizations established by ISO standards, supporting loosely-coupled functions with bank accounts, with value characteristics and legal tender status.
  4. Controllable Anonymity: e-CNY’s issuing institution features controllable anonymity, a system established by ISO standards, supporting loosely-coupled functions with bank accounts, with value characteristics and legal tender status.
  5. Value Characteristics: e-CNY possesses value characteristics, a system established by ISO standards, supporting loosely-coupled functions with bank accounts, with value characteristics and legal tender status.
  6. Legal Tender Status: e-CNY has legal tender status, a system established by ISO standards, supporting loosely-coupled functions with bank accounts, with value characteristics and legal tender status.
  7. Support for Loosely-Coupled Bank Account Functions: e-CNY supports loosely-coupled bank account functions, a system established by ISO standards, supporting loosely-coupled functions with bank accounts, with value characteristics and legal tender status.
  8. Support for Controllable Anonymity: e-CNY supports controllable anonymity, a system established by ISO standards, supporting loosely-coupled functions with bank accounts, with value characteristics and legal tender status.

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