Central Bank Digital Currency Development Status and Future Challenges

The development and popularization of digital currency is the inevitable trend of the development of the digital era, and its development speed is relatively fast, and the development potential is large. This paper discusses the connotation and characteristics of digital currency, expounds the definition of digital currency, introduces the use of blockchain as the underlying technology of digital currency, studies the development status of digital currency, divides it into legal currency and non-legal currency and defines and discusses it, at the same time discusses the opportunities and challenges faced by digital currency, and analyzes the advantages and disadvantages of digital currency. Methods of developing digital currency are discussed at the level of legal protection, regulation, technology and commodity, and academic literature, research reports and policy documents related to digital currency at home and abroad are extensively collected and analyzed to understand the development process and theoretical basis of digital currency. Promote social change and financial innovation, and promote the promotion and dissemination of digital currency, so that digital currency has more development opportunities.