The Central Bank Digital Currency Research Institute responded: Digital Renminbi is still in the closed testing phase.

Recently, the Digital Currency Research Institute of the People's Bank of China responded to the information about the digital yuan circulating online. The institute stated that the current DC/EP related content being disseminated online is only a test project in the technical development phase and does not represent the official issuance of the digital yuan. The ongoing closed testing will not affect the daily business operations of listed institutions, nor will it have any impact on the RMB circulation system, financial markets, and the overall economy outside the testing scope.

It is reported that the research and development of the digital renminbi is progressing steadily. Under the basic principles of maintaining a dual-layer operation, replacing M0, and controllable anonymity, the digital renminbi system has preliminarily completed key tasks such as top-level design, standard formulation, function development, and system joint debugging. Following the principles of stability, security, controllability, innovation, and practicality, internal closed pilot tests are currently being conducted in Shenzhen, Suzhou, Xiong'an New Area, Chengdu, and future Winter Olympic scenarios, aiming to continuously optimize and improve system functions.

This series of tests and development work indicates that China is cautiously and orderly advancing its Digital Money project to ensure it can meet various demands and challenges before its official launch. While the public is full of期待 for the digital renminbi, the central bank's cautious attitude also reflects a high level of concern for financial stability and system security.