在全球化进程和金融科技创新的双重推动下,为满足新时代跨境支付需求,世界各国正积极探索央行数字货币(Central Bank Digital Currency,下称CBDC)的潜在应用.以多边央行数字货币桥(下称mBridge)为主要代表的国际合作项目,勾勒出一个崭新的全球金融交流合作平台.但目前各国CBDC的国际合作仍处于探索阶段,存在合作成本、CBDC的普适性与互操作性、顶层制度建设等多方面亟待解决的问题.本文旨在针对这些问题,从mBridge的发展之路出发,结合mBridge的架构优化及内在特点,深入探讨mBridge在发展进程中面临的多重壁垒,找到跨越壁垒的拓展路径.同时,对数字人民币在mBridge框架内的应用、运行及合作交流等方面的实际经验和问题进行详细分析,挖掘其中的潜在机会和挑战,为解决这些问题提供有益视角,以推动数字人民币国际化进程.本文的研究为mBridge的发展注入新动力,同时推动数字人民币在CBDC跨境支付领域取得更大突破,并带动世界各国CBDC的未来发展,实现更广泛的国际交流与合作.
A New Path for Cross-Border Payments
Under the dual impetus of globalization and financial technology innovation,countries around the world are actively exploring the potential applications of Central Bank Digital Currency(CBDC)to meet the cross-border payment demands of the new era.International collaborative projects such as the Multilateral Central Bank Digital Currency Bridge(mBridge)outline a brand-new global financial exchange and cooperation platform.However,the current international cooperation on CBDCs is still in the exploratory stage,with various urgent issues awaiting resolution,including cooperation costs,the universality and interoperability of CBDCs,and top-level institutional development.This article aims to address these issues,starting from the development path of mBridge,combined with mBridge's architectural optimization and intrinsic characteristics,to delve into the multiple barriers faced during mBridge's development process and find expansion pathways across these barriers.At the same time,it conducts a detailed analysis of the practical experiences and issues regarding the application,operation,and cooperative exchange of the digital RMB within the mBridge framework,uncovering potential opportunities and challenges.It provides a beneficial perspective for resolving these issues to promote the internationalization process of the digital RMB.The research in this article injects new momentum into the development of mBridge,while also propelling greater breakthroughs for the digital RMB in the CBDC cross-border payment field,driving the future development of CBDCs worldwide,and achieving broader international exchanges and cooperation.
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