Kiffmeister’s #Fintech Daily Digest (20220908)

PBOC Releases Digital CNY Smart Contract Prepaid Fund Management Product

The People’s Bank of China (PBOC) has reportedly launched an e-CNY smart contract prepaid fund management product – “Yuanguanjia”. It aims to provide users with prepaid consumption service scenarios by deploying smart contracts on e-CNY wallets. This stops merchants from running away with prepaid consumption and protects consumers’ rights and interests. [Read more at Blockchain.news]

Discounted tickets available for CBDC Think Tank masterclass

The CBDC Think Tank, in partnership with the IMF and George Washington University, is hosting a full-day in-person CBDC Masterclass on October 12 in Washington DC for “official sector” staff only. The sessions are designed as instructional deep dives with full presentations and Q&A components.  Ticket prices start at $99 and you can save 30% by entering KIFFMEISTER where the registration page asks for a discount code. [Register here]

Also, the CBDC Think Tank, in partnership with Georgetown University and the DC FinTech Week, is hosting a FREE (also in-person) Digital Currency Lecture Series, a set of digital currency lightning talks delivered by subject matter experts, on October 14 in Washington DC. [Request an invite here]

Kiffmeister’s Global Central Bank Digital Currency Monthly Monitor

Just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So for any of you out there who work for a central bank, ministry of finance or international financial institution who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at chronicles@kiffmeister.com.

One thought on “Kiffmeister’s #Fintech Daily Digest (20220908)

  1. Intended to prevent unscrupulous merchants from embezzling prepayments made by buyers, a new digital yuan management tool has been unveiled. Merchants can apply to execute the smart contract when they complete services that consumers pay for, and the contract will transfer the prepaid funds to the merchants after verifying that all conditions have been met. This technically rules out the possibility of embezzling the prepayments via artificial operations, Di added. https://www.yicaiglobal.com/news/e-yuan-gets-new-prepayment-tool-to-stop-vendors-running-off-with-funds

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