China’s National Digital Currency DCEP / CBDC Overview
央行数字货币 All you need to know is here.
Date: 17 Sept 2020 HKT 12:00-12:30pm
Host: Vienne Lee, Founder of Finance Mandarin

VIP Speaker: Charles d'Haussy

Charles d'Haussy, Director - ConsenSys Hong Kong.

Prior to joining world-leading blockchain engineering firm ConsenSys, Charles was Head of Fintech with Hong Kong government department InvestHK.

He served 450+ FinTech companies and steered the growth of the Hong Kong Fintech Week to 10,000 global attendees.


DCEP is the only legal digital currency in China

DCEP is a currency created and sanctioned by the PBoC, Chinese Government. It is not a 3rd party stable coin such as Tether’s cryptocurrency token “CNHT” which is also pegged to the RMB in a 1:1 ratio.

DCEP is the only legal digital currency in China (cryptocurrencies such as Bitcoin are not legal tender in China).

Huang Qifan (Chairman of the China International Economic Exchange Center) said they have been working on DCEP for five to six years now and is fully confident it can be introduced as the country’s financial system. It’s currently being rolled out, with the People’s Bank of China issuing the currency.