Research on Legal and Regulatory Mechanisms for Digital Yuan Cross-border Payments from the Perspective of Financial Law

With the acceleration of global digitalization, the research on Central Bank Digital Currencies (CBDCs) as innovative payment tools has increasingly become a hot topic among financial scholars and policymakers. Particularly, China’s digital yuan (e-CNY), as one of the world’s first CBDCs to be implemented on a large scale, has not only advanced the internationalization of the RMB but also exerted a profound impact on the global financial system. From a financial law perspective, this study analyzes the legal and regulatory mechanisms of cross-border payments involving the digital yuan. The findings suggest that digital yuan cross-border payments offer significant advantages in promoting international trade, reducing transaction costs, and enhancing financial transparency. However, challenges remain in areas such as compliance, privacy protection, and international legal coordination. This study systematically examines the legal and regulatory mechanisms of digital yuan cross-border payments from the perspective of financial law, providing theoretical frameworks and policy recommendations for scholars and policymakers at home and abroad. This contribution holds substantial academic value and practical significance.