社會貨幣論下數字形態人民幣國際化與法制建設

Internationalization of the Digital Form of Chinese Yuan and Legal System Construction under the Theory of Social Money

當前，全球數字貨幣競爭激烈，社會貨幣論注重貨幣的社會意義和社會本質，在貨幣國際化上強調社會滲透和信用構建，對推動貨幣國際化更具理論價值。數字形態人民幣包括數字人民幣和人民幣穩定幣。社會貨幣論下，數字人民幣不存在傳統的＂跨境流通”，而是金融數據的跨境流動。儘管數字人民幣國際化也存在不確定性，但在境外使用數字人民幣不違反國際法。相較而言，人民幣穩定幣的國際化更具合法性和獨特優勢：社會貨幣論下，人民幣穩定幣具有更強的社會滲透能力；國際法視域下，穩定幣本身不違反國際法；國別法視域下，大量發達國家允許一定條件下穩定幣的市場准入與合規運營。在推進人民幣國際化進程中，數字人民幣與人民幣穩定幣是互相促進的關係，我國應“雙管齊下“應對全球數字貨幣竟爭，完善數字形態人民幣法制建設。對此，我國應拓展數字人民幣的效力範圍，同時構建人民幣穩定幣的監管框架並積極維護數字人民幣信用。

At present, the worldwide race in digital currency is reaching fever pitch. The theory of social money Focus on the social significance and essence of money, and emphasizes social penetration and credit building in the internationalization of currency, which has more theoretical value in promoting the internationalization of currency. The digital form of Chinese Yuan includes Digital Yuan and RMB Stablecoin. Under the theory of social money, there is no traditional ''cross-border circulation'' for the Digital Yuan, but the cross-border flow of financial data. Although there are uncertainties in the internationalization of the Digital Yuan, using it overseas does not violate international law. In comparison, the internationalization of RMB Stablecoin has more legality and unique advantages: under the theory of social money, the RMB Stablecoin has stronger social penetration capability; from the perspective of international law, stablecoins do not violate international law; from the perspective of national law, many developed countries allow market access and compliance operation of stablecoins under certain conditions. In the process of promoting the internationalization of the Chinese Yuan, the Digital Yuan and RMB Stablecoin have a mutually promoting relationship. China should deal with the global competition for digital currencies in a ''two-pronged'' approach and improve the legal construction of the digital form of the Chinese Yuan. In this regard, China should expand the effective range of the Digital Yuan and construct a regulatory framework for the RMB Stablecoin while actively maintaining the credit of the Digital Yuan.