| Summary: | Relying on the big data era, economic growth is also undergoing an accelerated transformation towards digitalisation and has triggered digital changes in finance due to the accelerated development of information technology and the emergence of technologies such as blockchain, artificial intelligence, and big data. This is why the BIS (Bank for International Settlements) received worldwide attention when it introduced the concept of a central bank digital currency (CBDC) in 2017. CBDC has many advantages, will inject new vitality into the global monetary and financial system, may become a new cornerstone of payment transactions and future de-velopment; But it also brings potential risks and complex policy issues. In this paper, through a review of the research literature on CBDC in recent years, with a specific example of China's central digital currency (DC/EP), this paper provides a concise demonstration of the current state of CBDC and its development.
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