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BIBLIOGRAPHY

People's Bank of China, "Progress of Research & Development of E-CNY in China" (White Paper, July 2021)

People's Bank of China

Claims Supported by This Source

  1. Established a research group for a legal digital currency in 2014.
  2. Trials conducted in Shenzhen, Suzhou, Xiong'an, Chengdu, and other locations from the end of 2019.
  3. Loosely coupled with bank accounts, allows value transfer without relying on an account, and supports offline transactions.
  4. In a 2019 survey, mobile phone payments accounted for 66% of transactions by number and 59% by value.

How to read the verification levels. 'Read' means the material was read in its entirety. 'Bibliography and abstract confirmed' means the bibliographic information and abstract were verified. 'Via course material' means the source was referenced through the main text of a book or a country's monetary history. The text hash is the SHA-256 of the main text from the original source page, excluding tags and whitespace, used to detect if the material has been altered.