Wednesday, May 20, 2020

China's Digital Currency DCEP (Digital Currency Electronic Payment)

The IMF Blog's 4 Q&A on Central Bank's Digital Currency. If you are looking for a quick answer for the policy debate, you can read this. I do think in certain parts, the analysis is lopsided, but it does provide a basic understanding. 
I would also recommend Michael's Boxmining site, which does a pretty decent job in comparing DCEP, Libra, Bitcoin and Cash. Read the comments also. DCEP will be the Game Changer ( I love this word. First came across the phrase at SESRIC, Ankara in 2013). Here are some of the creative comments: DCEPtion? Inception? DCEPticoin? One person even ask for a Newsletter. 
Another thing I notice is the lack of Islamic perpsective on the issue. Or maybe I didn't hit the right keywords. If you know of any Islamic economics website explaining DCEP, please let me know.
Happy reading. Ramadhan Kareem and Happy Eid Mubarak 1441H. May Allah swt Grant us Husnul Khatimah.

Pic. DCEP vs Libra vs Bitcoin. Take you pick.

Source:  https://boxmining.com/dcep/

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