人民银行副行长陆磊：参与数字人民币运营的支付机构实施100%的数字人民币保证金

Core Viewpoint - The People's Bank of China (PBOC) has introduced an action plan to enhance the management and service system for digital renminbi, with a new framework set to be implemented on January 1, 2026 [1] Group 1: Digital Renminbi Framework - The action plan specifies a digital renminbi measurement framework, management system, operational mechanism, and ecosystem [1] - Digital renminbi operations will be integrated into the reserve requirement system, with balances in digital wallets counted towards deposit reserve bases [1] - Non-bank payment institutions involved in digital renminbi operations will be required to maintain a 100% reserve of digital renminbi [1] Group 2: Implications of Digital Currency - The introduction of digital renminbi aims to address issues such as cash leakage, financial disintermediation, external circulation, and anti-money laundering risks [1] - The new system marks a transition from cash-based digital renminbi 1.0 to deposit currency-based digital renminbi 2.0, establishing a clearer relationship between operational responsibilities and rights [1]