The open research topic of legal digital currency innovation will focus on "privacy protection"

Recently, the Digital Currency Research Institute of the People's Bank of China released the open research topics for legal digital currency innovation in 2021. The open topics will focus on scientific issues in the field of legal digital currency, focus on innovative research in theory, technology, application, etc., and propose research reference directions such as privacy protection and anti-money laundering supervision.

According to reports, the Central Bank's Digital Currency Research Institute will open topics to domestic universities, research institutions, financial institutions, science and technology innovation companies, etc., and conduct innovative research on theories, core technologies, applications and functional innovations in fields related to legal digital currency.

It is not difficult to see from the research reference directions provided that the Digital Currency Research Institute of the Central Bank is very concerned about the potential monetary policy innovations brought about by legal digital currency, and how to maintain a balance between protecting individual user privacy and information security and fulfilling anti-money laundering, anti-terrorist financing and other obligations.

In addition, in terms of innovative research, innovation of key technologies of smart contracts and innovation of application scenarios based on new technologies such as 5G and the Internet of Things will become important directions for the exploration of legal digital currencies.