On April 17, the Digital Cash Research Institute of the Central Bank responded to the progress of network transmission testing. At present, the research and development of digital RMB is being appropriately promoted. On the premise of dual operation, M0 substitution and controllable anonymity, the digital RMB system has basically completed the top-level design, standard formulation, function research and development, joint debugging and testing. Next, Jin Toubian Xiao introduced what is the central bank's digital currency.

At present, digital currency (DC/EP), the central bank, first conducts internal closure tests in Shenzhen, Soviet Union, Xiong 'an, Chengdu and future Winter Olympics.

On April 17, it was reported that digital cash (DC/EP) was led by the central bank, payment scenarios such as landing scenarios were being tested in banks, and transportation subsidies were also distributed in Suzhou and other places in the form of digital cash. At present, digital cash (DC/EP) experimental institutions include four state-owned banks, three major operators, ants and construction companies.

However, this information is not enough to analyze the emergence of digital cash in the future. Digital currency Research Institute of the Central Bank, Alipay and other institutions involved in the development and testing of digital currency of the Central Bank provide a window to observe digital currency.