Prof Dr. Jack Woo from Shenzhen Technology University and Prof Dr. Alexandre Herve from Université Paris Dauphine-PSL have jointly published a book chapter on CBDC, a comparison of design framework and implementation model between e-CNY Vs Digital Euro in the Research Handbook on FinTech.
The book provides an overview of the global FinTech industry, drawing insights from scholars and practitioners in various disciplines such as finance, innovation management, computer science, organizational studies and legal studies. The contributions outline research foundations within the financial technologies landscape and provide fresh perspectives on the ongoing transformative evolution of FinTech.
The specific chapter written by them examines China’s e‑CNY (digital yuan) as a leading retail CBDC and compares it with the digital Euro. E‑CNY, issued by the PBOC under a two‑tier system with authorized operating banks, has been piloting in over 23 Chinese cities and major international events in China. Digital Euro, on the other hand, is still in legislative and design phases. Both CBDCs adopt two‑tier structures and have online/offline functions. Key challenges for global CBDCs include user adoption, cybersecurity, privacy, cross‑border interoperability, and AML/CFT compliance. Future trends point to two‑tier models, tiered wallets, offline capability, retail focus, and regulatory updates to clarify legal tender status.
The book chapter provides an in-depth explanatory case study of China’s e‑CNY whichfill research gaps on real‑world CBDC design and implementation. It systematically compares e‑CNY and the digital Euro, offering a structured reference for cross-national CBDC governance and technical design research. Finally, it summarizes global CBDC trends, regulatory challenges, and IMF/BIS findings, giving scholars reliable data for studies on monetary policy, fintech, and international finance.
Prof Dr. Jack Woo
Shenzhen Technology University
Prof Dr. Alexandre Herve
Université Paris Dauphine-PSL have
Text：Dr. Jack Woo
Review：Bella Lu
