摘要
目前,各国尝试建立的央行数字货币跨境支付系统主要有三种模式:升级实时全额支付系统、双边跨境支付系统、多边跨境支付系统。然而,因数字技术赋能升级的央行数字货币跨境支付系统一旦落地,运营中不仅存在异化传统风险的可能性,还可能滋生新的风险。基于此,本文立足上述三种央行数字货币跨境支付系统模式,依托数字技术研判央行数字货币跨境支付系统中的风险,主要包括流动性风险、网络安全风险、区块链技术风险以及系统重要性风险。面对央行数字货币跨境支付系统中的潜在风险,可从主权国家的货币主权和国际金融监管合作这两个方面进行治理。而今,我国积极参与的“多边央行数字货币桥项目”已启动测试,落地之势蓄势待发。面对央行数字货币跨境支付系统潜含的风险,我国应未雨绸缪,提前对数字人民跨境支付系统中潜在的风险制定防控措施,从而为数字人民币的跨境支付提供安全的制度保障。
At present,there are three main models of Central Bank Digital Currency(CBDC)cross-border payment system that countries are trying to establish:upgrading Real Time Gross Settlement system,bilateral CBDC cross-border payment system and multilateral CBDC cross-border payment system.However,once the digital-enabled upgrade of the central bank's digital currency cross-border payment system is in place,there is not only the possibility of alienating traditional risks but also of creating new ones.In view of this,based on three models of CBDC cross-border payment system,and relying on digital technology to study the potential risks in CBDC cross-border payment system,there are liquidity risk,cybersecurity risk,blockchain technology risk,and system importance risk.Facing the potential risks in CBDC cross-border payment system,this paper puts forward some governance measures from the perspectives of monetary sovereignty of CBDC issuing countries and international financial supervision cooperation.At present,China has actively participated in the testing of the Multi-CBDC Bridge Project,the potential for its implementation is poised.Faced with the potential risks in the CBDC cross-border payment system,China should take preventive measures in advance to prevent and control the potential risks in the cross-border payment system,thereby providing a secure institutional guarantee for the crossborderpaymentofe-CNY.
出处
《金融监管研究》
CSSCI
北大核心
2024年第3期43-59,共17页
Financial Regulation Research
基金
国家社科基金重大项目“数字化背景下国际金融服务的法律治理体系研究”(项目编号:22&ZD203)的阶段性成果
河北大学高层次人才科研启动项目“央行数字货币跨境流通的法律问题研究”的阶段性成果,河北大学涉外法治研究创新团队项目。
关键词
央行数字货币
跨境支付系统
风险治理
数字人民币
Central Bank Digital Currency(CBDC)
Cross-Border Payment System
Risk Governance
E-CNY
