Challenges and Approaches to Anti-Money Laundering Assessment of Digital Renminbi from the Perspectives of Controlled Anonymity and Cross-Border Payments

Abstract

The centralized digital currency that belongs to the People's Republic of China, which people call e-CNY, in its own nature brings up complicated thinking points for the obeying of laws that have the goal of stopping the unlawful moving of money. The present study inspects two main aspects: firstly, its structure of supervised transaction secrecy, and secondly, the influences of its application in international payments. When carry out the evaluation of whether the platform follows AML protocols, people must handle the two-side character of its designed privacy, which requires traceability for official organs while allowing users to keep pseudonym names, therefore it creates a new environment for regulation supervision that is different from traditional cash or completely anonymous digital property. At the same time, the function of cross-border payments brings extra levels of jurisdictional and monitoring complication, because transactions can go around current financial tracking systems, hence requiring the building of new international cooperation mechanisms and interoperable supervision technology. Therefore, hence a comprehensive strategy must be formulated, which integrates adaptive regulative technology, amended legal definitions for digital sovereign currency, and proactive participation in making global standards for the management of this kind of financial instruments.