Digital Currency (DCEP)

Digital Currency Electronic Payment (DCEP), also known as China's digital yuan, is a digital form of the country’s official currency issued and regulated by the central bank. It functions like regular money but exists purely in digital form, enabling quick, secure, and contactless transactions. DCEP can be used for everyday purchases, transferring funds, and government benefits, aiming to improve payment efficiency and financial inclusion. Unlike cryptocurrencies, it is backed and controlled by the government, ensuring stability and trust, making it a modern tool for digital payments aligned with national monetary policies.