id	sid	tid	token	lemma	pos
fbem-248	1	1	frontiers	frontier	NOUN
fbem-248	1	2	in	in	ADP
fbem-248	1	3	business	business	NOUN
fbem-248	1	4	,	,	PUNCT
fbem-248	1	5	economics	economic	NOUN
fbem-248	1	6	and	and	CCONJ
fbem-248	1	7	management	management	NOUN
fbem-248	1	8	issn	issn	PROPN
fbem-248	1	9	:	:	PUNCT
fbem-248	1	10	2766	2766	NUM
fbem-248	1	11	-	-	PUNCT
fbem-248	1	12	824x	824x	NUM
fbem-248	1	13	|	|	ADJ
fbem-248	1	14	vol	vol	NOUN
fbem-248	1	15	.	.	PUNCT
fbem-248	2	1	3	3	NUM
fbem-248	2	2	,	,	PUNCT
fbem-248	2	3	no	no	INTJ
fbem-248	2	4	.	.	NOUN
fbem-248	2	5	2	2	NUM
fbem-248	2	6	,	,	PUNCT
fbem-248	2	7	2022	2022	NUM
fbem-248	2	8	17	17	NUM
fbem-248	2	9	financial	financial	ADJ
fbem-248	2	10	innovation	innovation	NOUN
fbem-248	2	11	in	in	ADP
fbem-248	2	12	the	the	DET
fbem-248	2	13	field	field	NOUN
fbem-248	2	14	of	of	ADP
fbem-248	2	15	rmb	rmb	NOUN
fbem-248	2	16	internationalization	internationalization	NOUN
fbem-248	2	17	laiyue	laiyue	NOUN
fbem-248	2	18	wang1	wang1	NOUN
fbem-248	2	19	,	,	PUNCT
fbem-248	2	20	*	*	PUNCT
fbem-248	2	21	,	,	PUNCT
fbem-248	2	22	junwen	junwen	ADJ
fbem-248	2	23	shen1	shen1	PROPN
fbem-248	2	24	,	,	PUNCT
fbem-248	2	25	yingjie	yingjie	NOUN
fbem-248	2	26	wu2	wu2	NOUN
fbem-248	2	27	and	and	CCONJ
fbem-248	2	28	aletunhan	aletunhan	ADV
fbem-248	2	29	abdzeyimu1	abdzeyimu1	PUNCT
fbem-248	3	1	1school	1school	NUM
fbem-248	3	2	of	of	ADP
fbem-248	3	3	finance	finance	NOUN
fbem-248	3	4	,	,	PUNCT
fbem-248	3	5	anhui	anhui	PROPN
fbem-248	3	6	university	university	PROPN
fbem-248	3	7	of	of	ADP
fbem-248	3	8	finance	finance	NOUN
fbem-248	3	9	and	and	CCONJ
fbem-248	3	10	economics	economic	NOUN
fbem-248	3	11	,	,	PUNCT
fbem-248	3	12	bengbu	bengbu	NOUN
fbem-248	3	13	,	,	PUNCT
fbem-248	3	14	anhui	anhui	PROPN
fbem-248	3	15	,	,	PUNCT
fbem-248	3	16	233030	233030	NUM
fbem-248	3	17	,	,	PUNCT
fbem-248	3	18	china	china	PROPN
fbem-248	3	19	2college	2college	PROPN
fbem-248	3	20	of	of	ADP
fbem-248	3	21	business	business	PROPN
fbem-248	3	22	administration	administration	PROPN
fbem-248	3	23	,	,	PUNCT
fbem-248	3	24	anhui	anhui	PROPN
fbem-248	3	25	university	university	PROPN
fbem-248	3	26	of	of	ADP
fbem-248	3	27	finance	finance	NOUN
fbem-248	3	28	and	and	CCONJ
fbem-248	3	29	economics	economic	NOUN
fbem-248	3	30	,	,	PUNCT
fbem-248	3	31	bengbu	bengbu	NOUN
fbem-248	3	32	,	,	PUNCT
fbem-248	3	33	anhui	anhui	PROPN
fbem-248	3	34	,	,	PUNCT
fbem-248	3	35	233030	233030	NUM
fbem-248	3	36	,	,	PUNCT
fbem-248	3	37	china	china	PROPN
fbem-248	3	38	*	*	PUNCT
fbem-248	3	39	corresponding	correspond	VERB
fbem-248	3	40	author	author	NOUN
fbem-248	3	41	email	email	NOUN
fbem-248	3	42	:	:	PUNCT
fbem-248	3	43	1796440513@qq.com	1796440513@qq.com	NUM
fbem-248	3	44	abstract	abstract	NOUN
fbem-248	3	45	:	:	PUNCT
fbem-248	3	46	due	due	ADP
fbem-248	3	47	to	to	ADP
fbem-248	3	48	the	the	DET
fbem-248	3	49	limitations	limitation	NOUN
fbem-248	3	50	of	of	ADP
fbem-248	3	51	the	the	DET
fbem-248	3	52	traditional	traditional	ADJ
fbem-248	3	53	financial	financial	ADJ
fbem-248	3	54	system	system	NOUN
fbem-248	3	55	,	,	PUNCT
fbem-248	3	56	under	under	ADP
fbem-248	3	57	the	the	DET
fbem-248	3	58	background	background	NOUN
fbem-248	3	59	of	of	ADP
fbem-248	3	60	the	the	DET
fbem-248	3	61	general	general	ADJ
fbem-248	3	62	trend	trend	NOUN
fbem-248	3	63	of	of	ADP
fbem-248	3	64	international	international	ADJ
fbem-248	3	65	financial	financial	ADJ
fbem-248	3	66	development	development	NOUN
fbem-248	3	67	,	,	PUNCT
fbem-248	3	68	the	the	DET
fbem-248	3	69	system	system	NOUN
fbem-248	3	70	construction	construction	NOUN
fbem-248	3	71	of	of	ADP
fbem-248	3	72	rmb	rmb	NOUN
fbem-248	3	73	internationalization	internationalization	NOUN
fbem-248	3	74	has	have	AUX
fbem-248	3	75	become	become	VERB
fbem-248	3	76	an	an	DET
fbem-248	3	77	important	important	ADJ
fbem-248	3	78	financial	financial	ADJ
fbem-248	3	79	innovation	innovation	NOUN
fbem-248	3	80	and	and	CCONJ
fbem-248	3	81	construction	construction	NOUN
fbem-248	3	82	project	project	NOUN
fbem-248	3	83	.	.	PUNCT
fbem-248	4	1	therefore	therefore	ADV
fbem-248	4	2	,	,	PUNCT
fbem-248	4	3	this	this	DET
fbem-248	4	4	project	project	NOUN
fbem-248	4	5	studies	study	VERB
fbem-248	4	6	the	the	DET
fbem-248	4	7	financial	financial	ADJ
fbem-248	4	8	innovation	innovation	NOUN
fbem-248	4	9	in	in	ADP
fbem-248	4	10	the	the	DET
fbem-248	4	11	field	field	NOUN
fbem-248	4	12	of	of	ADP
fbem-248	4	13	rmb	rmb	NOUN
fbem-248	4	14	internationalization	internationalization	NOUN
fbem-248	4	15	,	,	PUNCT
fbem-248	4	16	and	and	CCONJ
fbem-248	4	17	puts	put	VERB
fbem-248	4	18	forward	forward	ADP
fbem-248	4	19	suggestions	suggestion	NOUN
fbem-248	4	20	and	and	CCONJ
fbem-248	4	21	assumptions	assumption	NOUN
fbem-248	4	22	on	on	ADP
fbem-248	4	23	the	the	DET
fbem-248	4	24	construction	construction	NOUN
fbem-248	4	25	of	of	ADP
fbem-248	4	26	the	the	DET
fbem-248	4	27	project	project	NOUN
fbem-248	4	28	system	system	NOUN
fbem-248	4	29	.	.	PUNCT
fbem-248	5	1	the	the	DET
fbem-248	5	2	main	main	ADJ
fbem-248	5	3	research	research	NOUN
fbem-248	5	4	contents	content	NOUN
fbem-248	5	5	of	of	ADP
fbem-248	5	6	the	the	DET
fbem-248	5	7	project	project	NOUN
fbem-248	5	8	include	include	VERB
fbem-248	5	9	:	:	PUNCT
fbem-248	5	10	research	research	NOUN
fbem-248	5	11	on	on	ADP
fbem-248	5	12	hardware	hardware	NOUN
fbem-248	5	13	construction	construction	NOUN
fbem-248	5	14	of	of	ADP
fbem-248	5	15	digital	digital	PROPN
fbem-248	5	16	rmb	rmb	NOUN
fbem-248	5	17	cross	cross	ADJ
fbem-248	5	18	-	-	ADJ
fbem-248	5	19	border	border	ADJ
fbem-248	5	20	transaction	transaction	NOUN
fbem-248	5	21	settlement	settlement	NOUN
fbem-248	5	22	system	system	NOUN
fbem-248	5	23	based	base	VERB
fbem-248	5	24	on	on	ADP
fbem-248	5	25	blockchain	blockchain	PROPN
fbem-248	5	26	infrastructure	infrastructure	PROPN
fbem-248	5	27	;	;	PUNCT
fbem-248	5	28	research	research	NOUN
fbem-248	5	29	on	on	ADP
fbem-248	5	30	the	the	DET
fbem-248	5	31	construction	construction	NOUN
fbem-248	5	32	and	and	CCONJ
fbem-248	5	33	advantages	advantage	NOUN
fbem-248	5	34	of	of	ADP
fbem-248	5	35	distributed	distribute	VERB
fbem-248	5	36	cross	cross	ADJ
fbem-248	5	37	-	-	ADJ
fbem-248	5	38	border	border	ADJ
fbem-248	5	39	payment	payment	NOUN
fbem-248	5	40	network	network	NOUN
fbem-248	5	41	based	base	VERB
fbem-248	5	42	on	on	ADP
fbem-248	5	43	digital	digital	ADJ
fbem-248	5	44	currency	currency	NOUN
fbem-248	5	45	;	;	PUNCT
fbem-248	5	46	research	research	NOUN
fbem-248	5	47	on	on	ADP
fbem-248	5	48	the	the	DET
fbem-248	5	49	construction	construction	NOUN
fbem-248	5	50	of	of	ADP
fbem-248	5	51	distributed	distribute	VERB
fbem-248	5	52	cross	cross	ADJ
fbem-248	5	53	-	-	ADJ
fbem-248	5	54	border	border	ADJ
fbem-248	5	55	payment	payment	NOUN
fbem-248	5	56	network	network	NOUN
fbem-248	5	57	and	and	CCONJ
fbem-248	5	58	the	the	DET
fbem-248	5	59	reform	reform	NOUN
fbem-248	5	60	of	of	ADP
fbem-248	5	61	international	international	ADJ
fbem-248	5	62	monetary	monetary	ADJ
fbem-248	5	63	system	system	NOUN
fbem-248	5	64	;	;	PUNCT
fbem-248	5	65	research	research	NOUN
fbem-248	5	66	on	on	ADP
fbem-248	5	67	establishing	establish	VERB
fbem-248	5	68	risk	risk	NOUN
fbem-248	5	69	control	control	NOUN
fbem-248	5	70	and	and	CCONJ
fbem-248	5	71	supervision	supervision	NOUN
fbem-248	5	72	system	system	NOUN
fbem-248	5	73	of	of	ADP
fbem-248	5	74	digital	digital	PROPN
fbem-248	5	75	rmb	rmb	PROPN
fbem-248	5	76	cross	cross	ADJ
fbem-248	5	77	-	-	ADJ
fbem-248	5	78	border	border	ADJ
fbem-248	5	79	payment	payment	NOUN
fbem-248	5	80	and	and	CCONJ
fbem-248	5	81	settlement	settlement	NOUN
fbem-248	5	82	;	;	PUNCT
fbem-248	5	83	research	research	NOUN
fbem-248	5	84	on	on	ADP
fbem-248	5	85	guiding	guide	VERB
fbem-248	5	86	thirdparty	thirdparty	NOUN
fbem-248	5	87	payment	payment	NOUN
fbem-248	5	88	institutions	institution	NOUN
fbem-248	5	89	to	to	PART
fbem-248	5	90	expand	expand	VERB
fbem-248	5	91	digital	digital	ADJ
fbem-248	5	92	rmb	rmb	NOUN
fbem-248	5	93	cross	cross	ADJ
fbem-248	5	94	-	-	ADJ
fbem-248	5	95	border	border	ADJ
fbem-248	5	96	payment	payment	NOUN
fbem-248	5	97	scenarios	scenario	NOUN
fbem-248	5	98	.	.	PUNCT
fbem-248	6	1	keywords	keyword	NOUN
fbem-248	6	2	:	:	PUNCT
fbem-248	6	3	internationalization	internationalization	NOUN
fbem-248	6	4	of	of	ADP
fbem-248	6	5	rmb	rmb	PROPN
fbem-248	6	6	,	,	PUNCT
fbem-248	6	7	financial	financial	ADJ
fbem-248	6	8	innovation	innovation	NOUN
fbem-248	6	9	,	,	PUNCT
fbem-248	6	10	digital	digital	ADJ
fbem-248	6	11	currency	currency	NOUN
fbem-248	6	12	,	,	PUNCT
fbem-248	6	13	payment	payment	NOUN
fbem-248	6	14	settlement	settlement	NOUN
fbem-248	6	15	.	.	PUNCT
fbem-248	7	1	1	1	X
fbem-248	7	2	.	.	X
fbem-248	7	3	introduction	introduction	NOUN
fbem-248	7	4	the	the	DET
fbem-248	7	5	sino	sino	ADJ
fbem-248	7	6	us	us	PROPN
fbem-248	7	7	trade	trade	NOUN
fbem-248	7	8	dispute	dispute	NOUN
fbem-248	7	9	which	which	PRON
fbem-248	7	10	began	begin	VERB
fbem-248	7	11	in	in	ADP
fbem-248	7	12	2018	2018	NUM
fbem-248	7	13	overlapped	overlap	VERB
fbem-248	7	14	with	with	ADP
fbem-248	7	15	the	the	DET
fbem-248	7	16	global	global	PROPN
fbem-248	7	17	covid-19	covid-19	PROPN
fbem-248	7	18	,	,	PUNCT
fbem-248	7	19	making	make	VERB
fbem-248	7	20	the	the	DET
fbem-248	7	21	international	international	ADJ
fbem-248	7	22	situation	situation	NOUN
fbem-248	7	23	perplexing	perplexing	ADJ
fbem-248	7	24	.	.	PUNCT
fbem-248	8	1	the	the	DET
fbem-248	8	2	reform	reform	NOUN
fbem-248	8	3	of	of	ADP
fbem-248	8	4	the	the	DET
fbem-248	8	5	international	international	ADJ
fbem-248	8	6	financial	financial	ADJ
fbem-248	8	7	system	system	NOUN
fbem-248	8	8	is	be	AUX
fbem-248	8	9	under	under	ADP
fbem-248	8	10	the	the	DET
fbem-248	8	11	three	three	NUM
fbem-248	8	12	impact	impact	NOUN
fbem-248	8	13	of	of	ADP
fbem-248	8	14	globalization	globalization	NOUN
fbem-248	8	15	structural	structural	ADJ
fbem-248	8	16	transformation	transformation	NOUN
fbem-248	8	17	,	,	PUNCT
fbem-248	8	18	financial	financial	ADJ
fbem-248	8	19	digital	digital	ADJ
fbem-248	8	20	technological	technological	ADJ
fbem-248	8	21	revolution	revolution	NOUN
fbem-248	8	22	and	and	CCONJ
fbem-248	8	23	structural	structural	ADJ
fbem-248	8	24	changes	change	NOUN
fbem-248	8	25	of	of	ADP
fbem-248	8	26	sino	sino	ADJ
fbem-248	8	27	us	us	PROPN
fbem-248	8	28	relations	relation	NOUN
fbem-248	8	29	.	.	PUNCT
fbem-248	9	1	china	china	PROPN
fbem-248	9	2	's	's	PART
fbem-248	9	3	financial	financial	ADJ
fbem-248	9	4	security	security	NOUN
fbem-248	9	5	is	be	AUX
fbem-248	9	6	facing	face	VERB
fbem-248	9	7	new	new	ADJ
fbem-248	9	8	challenges	challenge	NOUN
fbem-248	9	9	:	:	PUNCT
fbem-248	9	10	the	the	DET
fbem-248	9	11	pressure	pressure	NOUN
fbem-248	9	12	of	of	ADP
fbem-248	9	13	external	external	ADJ
fbem-248	9	14	financial	financial	ADJ
fbem-248	9	15	blockade	blockade	NOUN
fbem-248	9	16	has	have	AUX
fbem-248	9	17	increased	increase	VERB
fbem-248	9	18	significantly	significantly	ADV
fbem-248	9	19	,	,	PUNCT
fbem-248	9	20	resulting	result	VERB
fbem-248	9	21	in	in	ADP
fbem-248	9	22	more	more	ADJ
fbem-248	9	23	and	and	CCONJ
fbem-248	9	24	more	more	ADV
fbem-248	9	25	severe	severe	ADJ
fbem-248	9	26	risks	risk	NOUN
fbem-248	9	27	in	in	ADP
fbem-248	9	28	the	the	DET
fbem-248	9	29	financial	financial	ADJ
fbem-248	9	30	system	system	NOUN
fbem-248	9	31	.	.	PUNCT
fbem-248	10	1	in	in	ADP
fbem-248	10	2	order	order	NOUN
fbem-248	10	3	to	to	PART
fbem-248	10	4	cope	cope	VERB
fbem-248	10	5	with	with	ADP
fbem-248	10	6	the	the	DET
fbem-248	10	7	potential	potential	ADJ
fbem-248	10	8	financial	financial	ADJ
fbem-248	10	9	blockade	blockade	NOUN
fbem-248	10	10	of	of	ADP
fbem-248	10	11	the	the	DET
fbem-248	10	12	united	united	PROPN
fbem-248	10	13	states	states	PROPN
fbem-248	10	14	,	,	PUNCT
fbem-248	10	15	eliminate	eliminate	VERB
fbem-248	10	16	the	the	DET
fbem-248	10	17	hidden	hide	VERB
fbem-248	10	18	dangers	danger	NOUN
fbem-248	10	19	of	of	ADP
fbem-248	10	20	the	the	DET
fbem-248	10	21	financial	financial	ADJ
fbem-248	10	22	system	system	NOUN
fbem-248	10	23	,	,	PUNCT
fbem-248	10	24	stabilize	stabilize	VERB
fbem-248	10	25	the	the	DET
fbem-248	10	26	domestic	domestic	ADJ
fbem-248	10	27	financial	financial	ADJ
fbem-248	10	28	market	market	NOUN
fbem-248	10	29	and	and	CCONJ
fbem-248	10	30	jointly	jointly	ADV
fbem-248	10	31	promote	promote	VERB
fbem-248	10	32	the	the	DET
fbem-248	10	33	reform	reform	NOUN
fbem-248	10	34	and	and	CCONJ
fbem-248	10	35	opening	opening	NOUN
fbem-248	10	36	up	up	ADP
fbem-248	10	37	of	of	ADP
fbem-248	10	38	china	china	PROPN
fbem-248	10	39	's	's	PART
fbem-248	10	40	financial	financial	ADJ
fbem-248	10	41	system	system	NOUN
fbem-248	10	42	,	,	PUNCT
fbem-248	10	43	china	china	PROPN
fbem-248	10	44	must	must	AUX
fbem-248	10	45	firmly	firmly	ADV
fbem-248	10	46	seize	seize	VERB
fbem-248	10	47	the	the	DET
fbem-248	10	48	opportunity	opportunity	NOUN
fbem-248	10	49	of	of	ADP
fbem-248	10	50	the	the	DET
fbem-248	10	51	financial	financial	ADJ
fbem-248	10	52	technology	technology	NOUN
fbem-248	10	53	revolution	revolution	NOUN
fbem-248	10	54	,	,	PUNCT
fbem-248	10	55	boldly	boldly	ADV
fbem-248	10	56	innovate	innovate	VERB
fbem-248	10	57	,	,	PUNCT
fbem-248	10	58	empower	empower	VERB
fbem-248	10	59	various	various	ADJ
fbem-248	10	60	policy	policy	NOUN
fbem-248	10	61	means	mean	NOUN
fbem-248	10	62	with	with	ADP
fbem-248	10	63	technological	technological	ADJ
fbem-248	10	64	innovation	innovation	NOUN
fbem-248	10	65	,	,	PUNCT
fbem-248	10	66	and	and	CCONJ
fbem-248	10	67	build	build	VERB
fbem-248	10	68	a	a	DET
fbem-248	10	69	cross	cross	ADJ
fbem-248	10	70	-	-	ADJ
fbem-248	10	71	border	border	ADJ
fbem-248	10	72	digital	digital	ADJ
fbem-248	10	73	payment	payment	NOUN
fbem-248	10	74	system	system	NOUN
fbem-248	10	75	with	with	ADP
fbem-248	10	76	digital	digital	ADJ
fbem-248	10	77	rmb	rmb	NOUN
fbem-248	10	78	as	as	ADP
fbem-248	10	79	the	the	DET
fbem-248	10	80	medium	medium	ADJ
fbem-248	10	81	and	and	CCONJ
fbem-248	10	82	pricing	pricing	NOUN
fbem-248	10	83	currency	currency	NOUN
fbem-248	10	84	,	,	PUNCT
fbem-248	10	85	so	so	SCONJ
fbem-248	10	86	as	as	SCONJ
fbem-248	10	87	to	to	PART
fbem-248	10	88	resist	resist	VERB
fbem-248	10	89	various	various	ADJ
fbem-248	10	90	economic	economic	ADJ
fbem-248	10	91	shocks	shock	NOUN
fbem-248	10	92	caused	cause	VERB
fbem-248	10	93	by	by	ADP
fbem-248	10	94	external	external	ADJ
fbem-248	10	95	financial	financial	ADJ
fbem-248	10	96	blockade	blockade	NOUN
fbem-248	10	97	,	,	PUNCT
fbem-248	10	98	prevent	prevent	VERB
fbem-248	10	99	systemic	systemic	ADJ
fbem-248	10	100	financial	financial	ADJ
fbem-248	10	101	risks	risk	NOUN
fbem-248	10	102	at	at	ADP
fbem-248	10	103	home	home	NOUN
fbem-248	10	104	and	and	CCONJ
fbem-248	10	105	abroad	abroad	ADV
fbem-248	10	106	,	,	PUNCT
fbem-248	10	107	and	and	CCONJ
fbem-248	10	108	ensure	ensure	VERB
fbem-248	10	109	china	china	PROPN
fbem-248	10	110	's	's	PART
fbem-248	10	111	financial	financial	ADJ
fbem-248	10	112	security	security	NOUN
fbem-248	10	113	.	.	PUNCT
fbem-248	11	1	in	in	ADP
fbem-248	11	2	the	the	DET
fbem-248	11	3	long	long	ADJ
fbem-248	11	4	run	run	NOUN
fbem-248	11	5	,	,	PUNCT
fbem-248	11	6	under	under	ADP
fbem-248	11	7	the	the	DET
fbem-248	11	8	broad	broad	ADJ
fbem-248	11	9	framework	framework	NOUN
fbem-248	11	10	of	of	ADP
fbem-248	11	11	the	the	DET
fbem-248	11	12	new	new	ADJ
fbem-248	11	13	digital	digital	PROPN
fbem-248	11	14	rmb	rmb	PROPN
fbem-248	11	15	cross	cross	ADJ
fbem-248	11	16	-	-	ADJ
fbem-248	11	17	border	border	ADJ
fbem-248	11	18	payment	payment	NOUN
fbem-248	11	19	and	and	CCONJ
fbem-248	11	20	settlement	settlement	NOUN
fbem-248	11	21	system	system	NOUN
fbem-248	11	22	,	,	PUNCT
fbem-248	11	23	a	a	DET
fbem-248	11	24	payment	payment	NOUN
fbem-248	11	25	and	and	CCONJ
fbem-248	11	26	settlement	settlement	NOUN
fbem-248	11	27	platform	platform	NOUN
fbem-248	11	28	around	around	ADP
fbem-248	11	29	digital	digital	ADJ
fbem-248	11	30	rmb	rmb	NOUN
fbem-248	11	31	will	will	AUX
fbem-248	11	32	be	be	AUX
fbem-248	11	33	established	establish	VERB
fbem-248	11	34	in	in	ADP
fbem-248	11	35	the	the	DET
fbem-248	11	36	form	form	NOUN
fbem-248	11	37	of	of	ADP
fbem-248	11	38	alliance	alliance	NOUN
fbem-248	11	39	chain	chain	NOUN
fbem-248	11	40	.	.	PUNCT
fbem-248	12	1	the	the	DET
fbem-248	12	2	main	main	ADJ
fbem-248	12	3	responsibility	responsibility	NOUN
fbem-248	12	4	of	of	ADP
fbem-248	12	5	digital	digital	ADJ
fbem-248	12	6	rmb	rmb	NOUN
fbem-248	12	7	on	on	ADP
fbem-248	12	8	the	the	DET
fbem-248	12	9	payment	payment	NOUN
fbem-248	12	10	and	and	CCONJ
fbem-248	12	11	settlement	settlement	NOUN
fbem-248	12	12	platform	platform	NOUN
fbem-248	12	13	is	be	AUX
fbem-248	12	14	pricing	pricing	NOUN
fbem-248	12	15	and	and	CCONJ
fbem-248	12	16	functional	functional	ADJ
fbem-248	12	17	transaction	transaction	NOUN
fbem-248	12	18	,	,	PUNCT
fbem-248	12	19	and	and	CCONJ
fbem-248	12	20	its	its	PRON
fbem-248	12	21	ultimate	ultimate	ADJ
fbem-248	12	22	goal	goal	NOUN
fbem-248	12	23	is	be	AUX
fbem-248	12	24	to	to	PART
fbem-248	12	25	break	break	VERB
fbem-248	12	26	the	the	DET
fbem-248	12	27	monopoly	monopoly	NOUN
fbem-248	12	28	of	of	ADP
fbem-248	12	29	the	the	DET
fbem-248	12	30	us	us	PROPN
fbem-248	12	31	dollar	dollar	NOUN
fbem-248	12	32	payment	payment	NOUN
fbem-248	12	33	system	system	NOUN
fbem-248	12	34	,	,	PUNCT
fbem-248	12	35	it	it	PRON
fbem-248	12	36	has	have	AUX
fbem-248	12	37	become	become	VERB
fbem-248	12	38	one	one	NUM
fbem-248	12	39	of	of	ADP
fbem-248	12	40	the	the	DET
fbem-248	12	41	pillar	pillar	NOUN
fbem-248	12	42	payment	payment	NOUN
fbem-248	12	43	platforms	platform	NOUN
fbem-248	12	44	of	of	ADP
fbem-248	12	45	the	the	DET
fbem-248	12	46	new	new	ADJ
fbem-248	12	47	competitive	competitive	ADJ
fbem-248	12	48	and	and	CCONJ
fbem-248	12	49	pluralistic	pluralistic	ADJ
fbem-248	12	50	international	international	ADJ
fbem-248	12	51	monetary	monetary	ADJ
fbem-248	12	52	system	system	NOUN
fbem-248	12	53	.	.	PUNCT
fbem-248	13	1	therefore	therefore	ADV
fbem-248	13	2	,	,	PUNCT
fbem-248	13	3	it	it	PRON
fbem-248	13	4	has	have	AUX
fbem-248	13	5	become	become	VERB
fbem-248	13	6	an	an	DET
fbem-248	13	7	important	important	ADJ
fbem-248	13	8	research	research	NOUN
fbem-248	13	9	topic	topic	NOUN
fbem-248	13	10	to	to	PART
fbem-248	13	11	establish	establish	VERB
fbem-248	13	12	a	a	DET
fbem-248	13	13	digital	digital	ADJ
fbem-248	13	14	rmb	rmb	NOUN
fbem-248	13	15	cross	cross	ADJ
fbem-248	13	16	-	-	ADJ
fbem-248	13	17	border	border	ADJ
fbem-248	13	18	settlement	settlement	NOUN
fbem-248	13	19	system	system	NOUN
fbem-248	13	20	and	and	CCONJ
fbem-248	13	21	break	break	VERB
fbem-248	13	22	the	the	DET
fbem-248	13	23	potential	potential	ADJ
fbem-248	13	24	containment	containment	NOUN
fbem-248	13	25	attempt	attempt	NOUN
fbem-248	13	26	of	of	ADP
fbem-248	13	27	the	the	DET
fbem-248	13	28	us	us	PROPN
fbem-248	13	29	finance	finance	NOUN
fbem-248	13	30	to	to	ADP
fbem-248	13	31	china	china	PROPN
fbem-248	13	32	.	.	PUNCT
fbem-248	14	1	due	due	ADP
fbem-248	14	2	to	to	ADP
fbem-248	14	3	the	the	DET
fbem-248	14	4	limitation	limitation	NOUN
fbem-248	14	5	of	of	ADP
fbem-248	14	6	network	network	NOUN
fbem-248	14	7	externality	externality	NOUN
fbem-248	14	8	,	,	PUNCT
fbem-248	14	9	the	the	DET
fbem-248	14	10	development	development	NOUN
fbem-248	14	11	of	of	ADP
fbem-248	14	12	rmb	rmb	NOUN
fbem-248	14	13	payment	payment	NOUN
fbem-248	14	14	system	system	NOUN
fbem-248	14	15	under	under	ADP
fbem-248	14	16	the	the	DET
fbem-248	14	17	traditional	traditional	ADJ
fbem-248	14	18	financial	financial	ADJ
fbem-248	14	19	framework	framework	NOUN
fbem-248	14	20	is	be	AUX
fbem-248	14	21	not	not	PART
fbem-248	14	22	enough	enough	ADJ
fbem-248	14	23	and	and	CCONJ
fbem-248	14	24	too	too	ADV
fbem-248	14	25	late	late	ADJ
fbem-248	14	26	to	to	PART
fbem-248	14	27	replace	replace	VERB
fbem-248	14	28	the	the	DET
fbem-248	14	29	international	international	ADJ
fbem-248	14	30	payment	payment	NOUN
fbem-248	14	31	system	system	NOUN
fbem-248	14	32	controlled	control	VERB
fbem-248	14	33	by	by	ADP
fbem-248	14	34	the	the	DET
fbem-248	14	35	united	united	PROPN
fbem-248	14	36	states	states	PROPN
fbem-248	14	37	.	.	PUNCT
fbem-248	15	1	the	the	DET
fbem-248	15	2	traditional	traditional	ADJ
fbem-248	15	3	thinking	thinking	NOUN
fbem-248	15	4	attempts	attempt	VERB
fbem-248	15	5	to	to	PART
fbem-248	15	6	comprehensively	comprehensively	ADV
fbem-248	15	7	promote	promote	VERB
fbem-248	15	8	the	the	DET
fbem-248	15	9	internationalization	internationalization	NOUN
fbem-248	15	10	of	of	ADP
fbem-248	15	11	rmb	rmb	PROPN
fbem-248	15	12	from	from	ADP
fbem-248	15	13	the	the	DET
fbem-248	15	14	three	three	NUM
fbem-248	15	15	fields	field	NOUN
fbem-248	15	16	of	of	ADP
fbem-248	15	17	valuation	valuation	NOUN
fbem-248	15	18	,	,	PUNCT
fbem-248	15	19	payment	payment	NOUN
fbem-248	15	20	and	and	CCONJ
fbem-248	15	21	reserve	reserve	NOUN
fbem-248	15	22	to	to	PART
fbem-248	15	23	deal	deal	VERB
fbem-248	15	24	with	with	ADP
fbem-248	15	25	the	the	DET
fbem-248	15	26	financial	financial	ADJ
fbem-248	15	27	blockade	blockade	NOUN
fbem-248	15	28	of	of	ADP
fbem-248	15	29	the	the	DET
fbem-248	15	30	united	united	PROPN
fbem-248	15	31	states	states	PROPN
fbem-248	15	32	,	,	PUNCT
fbem-248	15	33	which	which	PRON
fbem-248	15	34	requires	require	VERB
fbem-248	15	35	the	the	DET
fbem-248	15	36	free	free	ADJ
fbem-248	15	37	convertibility	convertibility	NOUN
fbem-248	15	38	of	of	ADP
fbem-248	15	39	rmb	rmb	NOUN
fbem-248	15	40	and	and	CCONJ
fbem-248	15	41	the	the	DET
fbem-248	15	42	full	full	ADJ
fbem-248	15	43	opening	opening	NOUN
fbem-248	15	44	of	of	ADP
fbem-248	15	45	capital	capital	NOUN
fbem-248	15	46	account	account	NOUN
fbem-248	15	47	at	at	ADP
fbem-248	15	48	the	the	DET
fbem-248	15	49	same	same	ADJ
fbem-248	15	50	time	time	NOUN
fbem-248	15	51	.	.	PUNCT
fbem-248	16	1	however	however	ADV
fbem-248	16	2	,	,	PUNCT
fbem-248	16	3	under	under	ADP
fbem-248	16	4	the	the	DET
fbem-248	16	5	current	current	ADJ
fbem-248	16	6	urgent	urgent	ADJ
fbem-248	16	7	situation	situation	NOUN
fbem-248	16	8	,	,	PUNCT
fbem-248	16	9	china	china	PROPN
fbem-248	16	10	does	do	AUX
fbem-248	16	11	not	not	PART
fbem-248	16	12	have	have	VERB
fbem-248	16	13	enough	enough	ADJ
fbem-248	16	14	time	time	NOUN
fbem-248	16	15	and	and	CCONJ
fbem-248	16	16	space	space	NOUN
fbem-248	16	17	to	to	PART
fbem-248	16	18	realize	realize	VERB
fbem-248	16	19	the	the	DET
fbem-248	16	20	above	above	ADJ
fbem-248	16	21	steps	step	NOUN
fbem-248	16	22	.	.	PUNCT
fbem-248	17	1	therefore	therefore	ADV
fbem-248	17	2	,	,	PUNCT
fbem-248	17	3	the	the	DET
fbem-248	17	4	countermeasures	countermeasure	NOUN
fbem-248	17	5	must	must	AUX
fbem-248	17	6	rely	rely	VERB
fbem-248	17	7	on	on	ADP
fbem-248	17	8	financial	financial	ADJ
fbem-248	17	9	innovation	innovation	NOUN
fbem-248	17	10	to	to	PART
fbem-248	17	11	find	find	VERB
fbem-248	17	12	another	another	DET
fbem-248	17	13	way	way	NOUN
fbem-248	17	14	:	:	PUNCT
fbem-248	17	15	firmly	firmly	ADV
fbem-248	17	16	grasp	grasp	VERB
fbem-248	17	17	the	the	DET
fbem-248	17	18	opportunity	opportunity	NOUN
fbem-248	17	19	of	of	ADP
fbem-248	17	20	financial	financial	ADJ
fbem-248	17	21	technology	technology	NOUN
fbem-248	17	22	revolution	revolution	NOUN
fbem-248	17	23	,	,	PUNCT
fbem-248	17	24	empower	empower	VERB
fbem-248	17	25	the	the	DET
fbem-248	17	26	financial	financial	ADJ
fbem-248	17	27	system	system	NOUN
fbem-248	17	28	with	with	ADP
fbem-248	17	29	technological	technological	ADJ
fbem-248	17	30	innovation	innovation	NOUN
fbem-248	17	31	,	,	PUNCT
fbem-248	17	32	use	use	VERB
fbem-248	17	33	new	new	ADJ
fbem-248	17	34	technologies	technology	NOUN
fbem-248	17	35	to	to	PART
fbem-248	17	36	separate	separate	VERB
fbem-248	17	37	the	the	DET
fbem-248	17	38	pricing	pricing	NOUN
fbem-248	17	39	,	,	PUNCT
fbem-248	17	40	payment	payment	NOUN
fbem-248	17	41	and	and	CCONJ
fbem-248	17	42	storage	storage	NOUN
fbem-248	17	43	functions	function	NOUN
fbem-248	17	44	of	of	ADP
fbem-248	17	45	currency	currency	NOUN
fbem-248	17	46	,	,	PUNCT
fbem-248	17	47	fully	fully	ADV
fbem-248	17	48	realize	realize	VERB
fbem-248	17	49	the	the	DET
fbem-248	17	50	cross	cross	ADJ
fbem-248	17	51	-	-	ADJ
fbem-248	17	52	border	border	ADJ
fbem-248	17	53	payment	payment	NOUN
fbem-248	17	54	function	function	NOUN
fbem-248	17	55	of	of	ADP
fbem-248	17	56	rmb	rmb	NOUN
fbem-248	17	57	,	,	PUNCT
fbem-248	17	58	and	and	CCONJ
fbem-248	17	59	solve	solve	VERB
fbem-248	17	60	the	the	DET
fbem-248	17	61	pricing	pricing	NOUN
fbem-248	17	62	problem	problem	NOUN
fbem-248	17	63	through	through	ADP
fbem-248	17	64	the	the	DET
fbem-248	17	65	digital	digital	ADJ
fbem-248	17	66	currency	currency	NOUN
fbem-248	17	67	(	(	PUNCT
fbem-248	17	68	dc	dc	PROPN
fbem-248	17	69	/	/	SYM
fbem-248	17	70	ep	ep	PROPN
fbem-248	17	71	)	)	PUNCT
fbem-248	17	72	issued	issue	VERB
fbem-248	17	73	by	by	ADP
fbem-248	17	74	the	the	DET
fbem-248	17	75	people	people	NOUN
fbem-248	17	76	's	's	PART
fbem-248	17	77	bank	bank	PROPN
fbem-248	17	78	of	of	ADP
fbem-248	17	79	china	china	PROPN
fbem-248	17	80	,	,	PUNCT
fbem-248	17	81	temporarily	temporarily	ADV
fbem-248	17	82	shelve	shelve	VERB
fbem-248	17	83	the	the	DET
fbem-248	17	84	reserve	reserve	NOUN
fbem-248	17	85	function	function	NOUN
fbem-248	17	86	of	of	ADP
fbem-248	17	87	digital	digital	ADJ
fbem-248	17	88	rmb	rmb	NOUN
fbem-248	17	89	and	and	CCONJ
fbem-248	17	90	only	only	ADV
fbem-248	17	91	let	let	VERB
fbem-248	17	92	it	it	PRON
fbem-248	17	93	assume	assume	VERB
fbem-248	17	94	the	the	DET
fbem-248	17	95	pricing	pricing	NOUN
fbem-248	17	96	function	function	NOUN
fbem-248	17	97	,	,	PUNCT
fbem-248	17	98	quickly	quickly	ADV
fbem-248	17	99	establish	establish	VERB
fbem-248	17	100	a	a	DET
fbem-248	17	101	direct	direct	ADJ
fbem-248	17	102	exchange	exchange	NOUN
fbem-248	17	103	rate	rate	NOUN
fbem-248	17	104	inquiry	inquiry	NOUN
fbem-248	17	105	mechanism	mechanism	NOUN
fbem-248	17	106	between	between	ADP
fbem-248	17	107	digital	digital	ADJ
fbem-248	17	108	rmb	rmb	NOUN
fbem-248	17	109	and	and	CCONJ
fbem-248	17	110	other	other	ADJ
fbem-248	17	111	currencies	currency	NOUN
fbem-248	17	112	under	under	ADP
fbem-248	17	113	the	the	DET
fbem-248	17	114	framework	framework	NOUN
fbem-248	17	115	of	of	ADP
fbem-248	17	116	central	central	ADJ
fbem-248	17	117	bank	bank	PROPN
fbem-248	17	118	digital	digital	ADJ
fbem-248	17	119	currency	currency	NOUN
fbem-248	17	120	(	(	PUNCT
fbem-248	17	121	dc	dc	PROPN
fbem-248	17	122	/	/	SYM
fbem-248	17	123	ep	ep	PROPN
fbem-248	17	124	)	)	PUNCT
fbem-248	17	125	,	,	PUNCT
fbem-248	17	126	and	and	CCONJ
fbem-248	17	127	on	on	ADP
fbem-248	17	128	this	this	DET
fbem-248	17	129	basis	basis	NOUN
fbem-248	17	130	,	,	PUNCT
fbem-248	17	131	build	build	VERB
fbem-248	17	132	a	a	DET
fbem-248	17	133	new	new	ADJ
fbem-248	17	134	cross	cross	ADJ
fbem-248	17	135	-	-	ADJ
fbem-248	17	136	border	border	ADJ
fbem-248	17	137	digital	digital	ADJ
fbem-248	17	138	payment	payment	NOUN
fbem-248	17	139	system	system	NOUN
fbem-248	17	140	with	with	ADP
fbem-248	17	141	digital	digital	ADJ
fbem-248	17	142	rmb	rmb	NOUN
fbem-248	17	143	as	as	ADP
fbem-248	17	144	the	the	DET
fbem-248	17	145	medium	medium	ADJ
fbem-248	17	146	and	and	CCONJ
fbem-248	17	147	pricing	pricing	NOUN
fbem-248	17	148	currency	currency	NOUN
fbem-248	17	149	.	.	PUNCT
fbem-248	18	1	as	as	SCONJ
fbem-248	18	2	the	the	DET
fbem-248	18	3	digital	digital	ADJ
fbem-248	18	4	rmb	rmb	NOUN
fbem-248	18	5	has	have	AUX
fbem-248	18	6	only	only	ADV
fbem-248	18	7	been	be	AUX
fbem-248	18	8	put	put	VERB
fbem-248	18	9	forward	forward	ADV
fbem-248	18	10	in	in	ADP
fbem-248	18	11	recent	recent	ADJ
fbem-248	18	12	years	year	NOUN
fbem-248	18	13	,	,	PUNCT
fbem-248	18	14	the	the	DET
fbem-248	18	15	relevant	relevant	ADJ
fbem-248	18	16	theory	theory	NOUN
fbem-248	18	17	and	and	CCONJ
fbem-248	18	18	research	research	NOUN
fbem-248	18	19	are	be	AUX
fbem-248	18	20	not	not	PART
fbem-248	18	21	perfect	perfect	ADJ
fbem-248	18	22	,	,	PUNCT
fbem-248	18	23	and	and	CCONJ
fbem-248	18	24	some	some	DET
fbem-248	18	25	problems	problem	NOUN
fbem-248	18	26	are	be	AUX
fbem-248	18	27	still	still	ADV
fbem-248	18	28	controversial	controversial	ADJ
fbem-248	18	29	.	.	PUNCT
fbem-248	19	1	in	in	ADP
fbem-248	19	2	addition	addition	NOUN
fbem-248	19	3	,	,	PUNCT
fbem-248	19	4	at	at	ADP
fbem-248	19	5	present	present	ADJ
fbem-248	19	6	,	,	PUNCT
fbem-248	19	7	the	the	DET
fbem-248	19	8	digital	digital	ADJ
fbem-248	19	9	rmb	rmb	NOUN
fbem-248	19	10	is	be	AUX
fbem-248	19	11	not	not	PART
fbem-248	19	12	fully	fully	ADV
fbem-248	19	13	market	market	NOUN
fbem-248	19	14	-	-	PUNCT
fbem-248	19	15	oriented	orient	VERB
fbem-248	19	16	,	,	PUNCT
fbem-248	19	17	and	and	CCONJ
fbem-248	19	18	the	the	DET
fbem-248	19	19	relevant	relevant	ADJ
fbem-248	19	20	policies	policy	NOUN
fbem-248	19	21	and	and	CCONJ
fbem-248	19	22	measures	measure	NOUN
fbem-248	19	23	have	have	AUX
fbem-248	19	24	not	not	PART
fbem-248	19	25	been	be	AUX
fbem-248	19	26	tested	test	VERB
fbem-248	19	27	in	in	ADP
fbem-248	19	28	practice	practice	NOUN
fbem-248	19	29	.	.	PUNCT
fbem-248	20	1	based	base	VERB
fbem-248	20	2	on	on	ADP
fbem-248	20	3	the	the	DET
fbem-248	20	4	current	current	ADJ
fbem-248	20	5	research	research	NOUN
fbem-248	20	6	on	on	ADP
fbem-248	20	7	digital	digital	ADJ
fbem-248	20	8	rmb	rmb	NOUN
fbem-248	20	9	and	and	CCONJ
fbem-248	20	10	combined	combine	VERB
fbem-248	20	11	with	with	ADP
fbem-248	20	12	the	the	DET
fbem-248	20	13	relevant	relevant	ADJ
fbem-248	20	14	experience	experience	NOUN
fbem-248	20	15	of	of	ADP
fbem-248	20	16	us	us	PROPN
fbem-248	20	17	dollar	dollar	NOUN
fbem-248	20	18	cross	cross	ADJ
fbem-248	20	19	-	-	ADJ
fbem-248	20	20	border	border	ADJ
fbem-248	20	21	payment	payment	NOUN
fbem-248	20	22	system	system	NOUN
fbem-248	20	23	(	(	PUNCT
fbem-248	20	24	swift	swift	ADJ
fbem-248	20	25	and	and	CCONJ
fbem-248	20	26	chips	chip	NOUN
fbem-248	20	27	)	)	PUNCT
fbem-248	20	28	,	,	PUNCT
fbem-248	20	29	this	this	DET
fbem-248	20	30	project	project	NOUN
fbem-248	20	31	will	will	AUX
fbem-248	20	32	further	far	ADV
fbem-248	20	33	study	study	VERB
fbem-248	20	34	the	the	DET
fbem-248	20	35	relevant	relevant	ADJ
fbem-248	20	36	problems	problem	NOUN
fbem-248	20	37	faced	face	VERB
fbem-248	20	38	in	in	ADP
fbem-248	20	39	the	the	DET
fbem-248	20	40	process	process	NOUN
fbem-248	20	41	of	of	ADP
fbem-248	20	42	building	build	VERB
fbem-248	20	43	a	a	DET
fbem-248	20	44	cross	cross	ADJ
fbem-248	20	45	-	-	ADJ
fbem-248	20	46	border	border	ADJ
fbem-248	20	47	payment	payment	NOUN
fbem-248	20	48	system	system	NOUN
fbem-248	20	49	with	with	ADP
fbem-248	20	50	digital	digital	ADJ
fbem-248	20	51	rmb	rmb	NOUN
fbem-248	20	52	as	as	ADP
fbem-248	20	53	the	the	DET
fbem-248	20	54	medium	medium	NOUN
fbem-248	20	55	,	,	PUNCT
fbem-248	20	56	so	so	SCONJ
fbem-248	20	57	as	as	SCONJ
fbem-248	20	58	to	to	PART
fbem-248	20	59	provide	provide	VERB
fbem-248	20	60	theoretical	theoretical	ADJ
fbem-248	20	61	support	support	NOUN
fbem-248	20	62	for	for	ADP
fbem-248	20	63	the	the	DET
fbem-248	20	64	development	development	NOUN
fbem-248	20	65	and	and	CCONJ
fbem-248	20	66	application	application	NOUN
fbem-248	20	67	of	of	ADP
fbem-248	20	68	digital	digital	ADJ
fbem-248	20	69	rmb	rmb	NOUN
fbem-248	20	70	in	in	ADP
fbem-248	20	71	the	the	DET
fbem-248	20	72	future	future	NOUN
fbem-248	20	73	.	.	PUNCT
fbem-248	21	1	18	18	NUM
fbem-248	21	2	2	2	NUM
fbem-248	21	3	.	.	PUNCT
fbem-248	21	4	research	research	NOUN
fbem-248	21	5	status	status	NOUN
fbem-248	21	6	at	at	ADP
fbem-248	21	7	home	home	ADV
fbem-248	21	8	and	and	CCONJ
fbem-248	21	9	abroad	abroad	ADV
fbem-248	21	10	2.1	2.1	NUM
fbem-248	21	11	.	.	PUNCT
fbem-248	22	1	research	research	NOUN
fbem-248	22	2	on	on	ADP
fbem-248	22	3	digital	digital	ADJ
fbem-248	22	4	rmb	rmb	NOUN
fbem-248	22	5	and	and	CCONJ
fbem-248	22	6	crossborder	crossborder	NOUN
fbem-248	22	7	payment	payment	NOUN
fbem-248	22	8	and	and	CCONJ
fbem-248	22	9	settlement	settlement	NOUN
fbem-248	22	10	research	research	NOUN
fbem-248	22	11	on	on	ADP
fbem-248	22	12	digital	digital	ADJ
fbem-248	22	13	rmb	rmb	NOUN
fbem-248	22	14	and	and	CCONJ
fbem-248	22	15	cross	cross	ADJ
fbem-248	22	16	-	-	ADJ
fbem-248	22	17	border	border	ADJ
fbem-248	22	18	payment	payment	NOUN
fbem-248	22	19	and	and	CCONJ
fbem-248	22	20	settlement	settlement	NOUN
fbem-248	22	21	.	.	PUNCT
fbem-248	23	1	at	at	ADP
fbem-248	23	2	present	present	ADJ
fbem-248	23	3	,	,	PUNCT
fbem-248	23	4	the	the	DET
fbem-248	23	5	biggest	big	ADJ
fbem-248	23	6	expectation	expectation	NOUN
fbem-248	23	7	for	for	ADP
fbem-248	23	8	the	the	DET
fbem-248	23	9	central	central	ADJ
fbem-248	23	10	bank	bank	NOUN
fbem-248	23	11	's	's	PART
fbem-248	23	12	digital	digital	ADJ
fbem-248	23	13	currency	currency	NOUN
fbem-248	23	14	in	in	ADP
fbem-248	23	15	the	the	DET
fbem-248	23	16	market	market	NOUN
fbem-248	23	17	lies	lie	VERB
fbem-248	23	18	in	in	ADP
fbem-248	23	19	the	the	DET
fbem-248	23	20	application	application	NOUN
fbem-248	23	21	of	of	ADP
fbem-248	23	22	dcep	dcep	NOUN
fbem-248	23	23	in	in	ADP
fbem-248	23	24	the	the	DET
fbem-248	23	25	field	field	NOUN
fbem-248	23	26	of	of	ADP
fbem-248	23	27	cross	cross	ADJ
fbem-248	23	28	-	-	ADJ
fbem-248	23	29	border	border	ADJ
fbem-248	23	30	payment	payment	NOUN
fbem-248	23	31	,	,	PUNCT
fbem-248	23	32	so	so	SCONJ
fbem-248	23	33	as	as	SCONJ
fbem-248	23	34	to	to	PART
fbem-248	23	35	promote	promote	VERB
fbem-248	23	36	the	the	DET
fbem-248	23	37	process	process	NOUN
fbem-248	23	38	of	of	ADP
fbem-248	23	39	rmb	rmb	NOUN
fbem-248	23	40	internationalization	internationalization	NOUN
fbem-248	23	41	(	(	PUNCT
fbem-248	23	42	baojianyun	baojianyun	NOUN
fbem-248	23	43	,	,	PUNCT
fbem-248	23	44	2020	2020	NUM
fbem-248	23	45	)	)	PUNCT
fbem-248	23	46	.	.	PUNCT
fbem-248	24	1	digital	digital	ADJ
fbem-248	24	2	currency	currency	NOUN
fbem-248	24	3	has	have	VERB
fbem-248	24	4	certain	certain	ADJ
fbem-248	24	5	advantages	advantage	NOUN
fbem-248	24	6	in	in	ADP
fbem-248	24	7	cross	cross	ADJ
fbem-248	24	8	-	-	ADJ
fbem-248	24	9	border	border	ADJ
fbem-248	24	10	payment	payment	NOUN
fbem-248	24	11	:	:	PUNCT
fbem-248	24	12	first	first	ADV
fbem-248	24	13	,	,	PUNCT
fbem-248	24	14	the	the	DET
fbem-248	24	15	current	current	ADJ
fbem-248	24	16	cross	cross	ADJ
fbem-248	24	17	-	-	ADJ
fbem-248	24	18	border	border	ADJ
fbem-248	24	19	payment	payment	NOUN
fbem-248	24	20	has	have	VERB
fbem-248	24	21	the	the	DET
fbem-248	24	22	problems	problem	NOUN
fbem-248	24	23	of	of	ADP
fbem-248	24	24	long	long	ADJ
fbem-248	24	25	cycle	cycle	NOUN
fbem-248	24	26	,	,	PUNCT
fbem-248	24	27	high	high	ADJ
fbem-248	24	28	cost	cost	NOUN
fbem-248	24	29	and	and	CCONJ
fbem-248	24	30	low	low	ADJ
fbem-248	24	31	efficiency	efficiency	NOUN
fbem-248	24	32	.	.	PUNCT
fbem-248	25	1	for	for	ADP
fbem-248	25	2	example	example	NOUN
fbem-248	25	3	,	,	PUNCT
fbem-248	25	4	a	a	DET
fbem-248	25	5	current	current	ADJ
fbem-248	25	6	wire	wire	NOUN
fbem-248	25	7	transfer	transfer	NOUN
fbem-248	25	8	usually	usually	ADV
fbem-248	25	9	takes	take	VERB
fbem-248	25	10	2	2	NUM
fbem-248	25	11	-	-	SYM
fbem-248	25	12	5	5	NUM
fbem-248	25	13	working	working	NOUN
fbem-248	25	14	days	day	NOUN
fbem-248	25	15	to	to	PART
fbem-248	25	16	arrive	arrive	VERB
fbem-248	25	17	,	,	PUNCT
fbem-248	25	18	and	and	CCONJ
fbem-248	25	19	a	a	DET
fbem-248	25	20	handling	handling	NOUN
fbem-248	25	21	charge	charge	NOUN
fbem-248	25	22	of	of	ADP
fbem-248	25	23	1	1	NUM
fbem-248	25	24	/	/	SYM
fbem-248	25	25	1000	1000	NUM
fbem-248	25	26	of	of	ADP
fbem-248	25	27	the	the	DET
fbem-248	25	28	remittance	remittance	NOUN
fbem-248	25	29	amount	amount	NOUN
fbem-248	25	30	plus	plus	CCONJ
fbem-248	25	31	a	a	DET
fbem-248	25	32	telecommunication	telecommunication	NOUN
fbem-248	25	33	charge	charge	NOUN
fbem-248	25	34	of	of	ADP
fbem-248	25	35	150	150	NUM
fbem-248	25	36	yuan	yuan	NOUN
fbem-248	25	37	is	be	AUX
fbem-248	25	38	charged	charge	VERB
fbem-248	25	39	on	on	ADP
fbem-248	25	40	the	the	DET
fbem-248	25	41	handling	handling	NOUN
fbem-248	25	42	charge	charge	NOUN
fbem-248	25	43	;	;	PUNCT
fbem-248	25	44	cross	cross	VERB
fbem-248	25	45	border	border	NOUN
fbem-248	25	46	payment	payment	NOUN
fbem-248	25	47	based	base	VERB
fbem-248	25	48	on	on	ADP
fbem-248	25	49	digital	digital	ADJ
fbem-248	25	50	currency	currency	NOUN
fbem-248	25	51	can	can	AUX
fbem-248	25	52	not	not	PART
fbem-248	25	53	only	only	ADV
fbem-248	25	54	improve	improve	VERB
fbem-248	25	55	the	the	DET
fbem-248	25	56	speed	speed	NOUN
fbem-248	25	57	of	of	ADP
fbem-248	25	58	cross	cross	ADJ
fbem-248	25	59	-	-	ADJ
fbem-248	25	60	border	border	ADJ
fbem-248	25	61	transfer	transfer	NOUN
fbem-248	25	62	,	,	PUNCT
fbem-248	25	63	but	but	CCONJ
fbem-248	25	64	also	also	ADV
fbem-248	25	65	reduce	reduce	VERB
fbem-248	25	66	the	the	DET
fbem-248	25	67	handling	handling	NOUN
fbem-248	25	68	fee	fee	NOUN
fbem-248	25	69	of	of	ADP
fbem-248	25	70	remittance	remittance	NOUN
fbem-248	25	71	(	(	PUNCT
fbem-248	25	72	regardless	regardless	ADV
fbem-248	25	73	of	of	ADP
fbem-248	25	74	supervision	supervision	NOUN
fbem-248	25	75	)	)	PUNCT
fbem-248	25	76	.	.	PUNCT
fbem-248	26	1	secondly	secondly	ADV
fbem-248	26	2	,	,	PUNCT
fbem-248	26	3	at	at	ADP
fbem-248	26	4	present	present	ADJ
fbem-248	26	5	,	,	PUNCT
fbem-248	26	6	the	the	DET
fbem-248	26	7	central	central	ADJ
fbem-248	26	8	bank	bank	PROPN
fbem-248	26	9	digital	digital	ADJ
fbem-248	26	10	currency	currency	NOUN
fbem-248	26	11	adopts	adopt	VERB
fbem-248	26	12	the	the	DET
fbem-248	26	13	loose	loose	ADJ
fbem-248	26	14	coupling	couple	VERB
fbem-248	26	15	account	account	NOUN
fbem-248	26	16	design	design	NOUN
fbem-248	26	17	,	,	PUNCT
fbem-248	26	18	so	so	SCONJ
fbem-248	26	19	users	user	NOUN
fbem-248	26	20	can	can	AUX
fbem-248	26	21	transfer	transfer	VERB
fbem-248	26	22	and	and	CCONJ
fbem-248	26	23	pay	pay	VERB
fbem-248	26	24	without	without	ADP
fbem-248	26	25	binding	bind	VERB
fbem-248	26	26	the	the	DET
fbem-248	26	27	bank	bank	NOUN
fbem-248	26	28	account	account	NOUN
fbem-248	26	29	when	when	SCONJ
fbem-248	26	30	using	use	VERB
fbem-248	26	31	the	the	DET
fbem-248	26	32	central	central	ADJ
fbem-248	26	33	bank	bank	PROPN
fbem-248	26	34	digital	digital	ADJ
fbem-248	26	35	currency	currency	NOUN
fbem-248	26	36	,	,	PUNCT
fbem-248	26	37	which	which	PRON
fbem-248	26	38	has	have	VERB
fbem-248	26	39	a	a	DET
fbem-248	26	40	high	high	ADJ
fbem-248	26	41	attraction	attraction	NOUN
fbem-248	26	42	for	for	ADP
fbem-248	26	43	people	people	NOUN
fbem-248	26	44	in	in	ADP
fbem-248	26	45	poor	poor	ADJ
fbem-248	26	46	and	and	CCONJ
fbem-248	26	47	remote	remote	ADJ
fbem-248	26	48	areas	area	NOUN
fbem-248	26	49	overseas	overseas	ADV
fbem-248	26	50	and	and	CCONJ
fbem-248	26	51	domestic	domestic	ADJ
fbem-248	26	52	people	people	NOUN
fbem-248	26	53	who	who	PRON
fbem-248	26	54	lack	lack	VERB
fbem-248	26	55	traditional	traditional	ADJ
fbem-248	26	56	financial	financial	ADJ
fbem-248	26	57	infrastructure	infrastructure	NOUN
fbem-248	26	58	(	(	PUNCT
fbem-248	26	59	banks	bank	NOUN
fbem-248	26	60	)	)	PUNCT
fbem-248	26	61	.	.	PUNCT
fbem-248	27	1	based	base	VERB
fbem-248	27	2	on	on	ADP
fbem-248	27	3	the	the	DET
fbem-248	27	4	above	above	ADJ
fbem-248	27	5	advantages	advantage	NOUN
fbem-248	27	6	,	,	PUNCT
fbem-248	27	7	if	if	SCONJ
fbem-248	27	8	overseas	overseas	ADJ
fbem-248	27	9	people	people	NOUN
fbem-248	27	10	use	use	VERB
fbem-248	27	11	dcep	dcep	NOUN
fbem-248	27	12	for	for	ADP
fbem-248	27	13	cross	cross	ADJ
fbem-248	27	14	-	-	ADJ
fbem-248	27	15	border	border	ADJ
fbem-248	27	16	remittance	remittance	NOUN
fbem-248	27	17	or	or	CCONJ
fbem-248	27	18	transaction	transaction	NOUN
fbem-248	27	19	payment	payment	NOUN
fbem-248	27	20	,	,	PUNCT
fbem-248	27	21	the	the	DET
fbem-248	27	22	use	use	NOUN
fbem-248	27	23	of	of	ADP
fbem-248	27	24	rmb	rmb	NOUN
fbem-248	27	25	in	in	ADP
fbem-248	27	26	the	the	DET
fbem-248	27	27	field	field	NOUN
fbem-248	27	28	of	of	ADP
fbem-248	27	29	trade	trade	NOUN
fbem-248	27	30	settlement	settlement	NOUN
fbem-248	27	31	will	will	AUX
fbem-248	27	32	be	be	AUX
fbem-248	27	33	increased	increase	VERB
fbem-248	27	34	.	.	PUNCT
fbem-248	28	1	with	with	ADP
fbem-248	28	2	the	the	DET
fbem-248	28	3	rise	rise	NOUN
fbem-248	28	4	of	of	ADP
fbem-248	28	5	digital	digital	ADJ
fbem-248	28	6	currency	currency	NOUN
fbem-248	28	7	,	,	PUNCT
fbem-248	28	8	its	its	PRON
fbem-248	28	9	underlying	underlying	ADJ
fbem-248	28	10	distributed	distribute	VERB
fbem-248	28	11	ledger	ledger	NOUN
fbem-248	28	12	technology	technology	NOUN
fbem-248	28	13	(	(	PUNCT
fbem-248	28	14	dlt	dlt	PROPN
fbem-248	28	15	)	)	PUNCT
fbem-248	28	16	has	have	AUX
fbem-248	28	17	also	also	ADV
fbem-248	28	18	attracted	attract	VERB
fbem-248	28	19	attention	attention	NOUN
fbem-248	28	20	and	and	CCONJ
fbem-248	28	21	is	be	AUX
fbem-248	28	22	regarded	regard	VERB
fbem-248	28	23	as	as	ADP
fbem-248	28	24	the	the	DET
fbem-248	28	25	core	core	NOUN
fbem-248	28	26	technology	technology	NOUN
fbem-248	28	27	of	of	ADP
fbem-248	28	28	the	the	DET
fbem-248	28	29	next	next	ADJ
fbem-248	28	30	generation	generation	NOUN
fbem-248	28	31	payment	payment	NOUN
fbem-248	28	32	infrastructure	infrastructure	NOUN
fbem-248	28	33	.	.	PUNCT
fbem-248	29	1	cpmi	cpmi	PROPN
fbem-248	29	2	(	(	PUNCT
fbem-248	29	3	2017	2017	NUM
fbem-248	29	4	)	)	PUNCT
fbem-248	29	5	pointed	point	VERB
fbem-248	29	6	out	out	ADP
fbem-248	29	7	that	that	SCONJ
fbem-248	29	8	distributed	distribute	VERB
fbem-248	29	9	ledger	ledger	NOUN
fbem-248	29	10	technology	technology	NOUN
fbem-248	29	11	may	may	AUX
fbem-248	29	12	transform	transform	VERB
fbem-248	29	13	financial	financial	ADJ
fbem-248	29	14	services	service	NOUN
fbem-248	29	15	and	and	CCONJ
fbem-248	29	16	markets	market	NOUN
fbem-248	29	17	through	through	ADP
fbem-248	29	18	the	the	DET
fbem-248	29	19	following	following	ADJ
fbem-248	29	20	ways	way	NOUN
fbem-248	29	21	:	:	PUNCT
fbem-248	29	22	①	①	NUM
fbem-248	29	23	reduce	reduce	VERB
fbem-248	29	24	complexity	complexity	NOUN
fbem-248	29	25	;	;	PUNCT
fbem-248	29	26	②	②	NUM
fbem-248	29	27	improve	improve	VERB
fbem-248	29	28	end	end	NOUN
fbem-248	29	29	-	-	PUNCT
fbem-248	29	30	toend	toend	NOUN
fbem-248	29	31	processing	processing	NOUN
fbem-248	29	32	speed	speed	NOUN
fbem-248	29	33	;	;	PUNCT
fbem-248	29	34	③	③	PRON
fbem-248	29	35	reduce	reduce	VERB
fbem-248	29	36	the	the	DET
fbem-248	29	37	need	need	NOUN
fbem-248	29	38	for	for	ADP
fbem-248	29	39	reconciliation	reconciliation	NOUN
fbem-248	29	40	in	in	ADP
fbem-248	29	41	the	the	DET
fbem-248	29	42	traditional	traditional	ADJ
fbem-248	29	43	mode	mode	NOUN
fbem-248	29	44	;	;	PUNCT
fbem-248	29	45	④	④	NUM
fbem-248	29	46	improve	improve	VERB
fbem-248	29	47	the	the	DET
fbem-248	29	48	transparency	transparency	NOUN
fbem-248	29	49	and	and	CCONJ
fbem-248	29	50	non	non	ADJ
fbem-248	29	51	tamperability	tamperability	NOUN
fbem-248	29	52	of	of	ADP
fbem-248	29	53	transaction	transaction	NOUN
fbem-248	29	54	records	record	NOUN
fbem-248	29	55	;	;	PUNCT
fbem-248	29	56	⑤	⑤	NUM
fbem-248	29	57	improve	improve	VERB
fbem-248	29	58	network	network	NOUN
fbem-248	29	59	resilience	resilience	NOUN
fbem-248	29	60	;	;	PUNCT
fbem-248	29	61	⑥	⑥	NUM
fbem-248	29	62	reduce	reduce	VERB
fbem-248	29	63	operational	operational	ADJ
fbem-248	29	64	and	and	CCONJ
fbem-248	29	65	financial	financial	ADJ
fbem-248	29	66	risks	risk	NOUN
fbem-248	29	67	.	.	PUNCT
fbem-248	30	1	the	the	DET
fbem-248	30	2	imf	imf	PROPN
fbem-248	30	3	focuses	focus	VERB
fbem-248	30	4	on	on	ADP
fbem-248	30	5	cross	cross	ADJ
fbem-248	30	6	-	-	ADJ
fbem-248	30	7	border	border	ADJ
fbem-248	30	8	payments	payment	NOUN
fbem-248	30	9	and	and	CCONJ
fbem-248	30	10	the	the	DET
fbem-248	30	11	stability	stability	NOUN
fbem-248	30	12	of	of	ADP
fbem-248	30	13	the	the	DET
fbem-248	30	14	international	international	ADJ
fbem-248	30	15	monetary	monetary	ADJ
fbem-248	30	16	system	system	NOUN
fbem-248	30	17	,	,	PUNCT
fbem-248	30	18	pointing	point	VERB
fbem-248	30	19	out	out	ADP
fbem-248	30	20	that	that	SCONJ
fbem-248	30	21	distributed	distribute	VERB
fbem-248	30	22	ledger	ledger	NOUN
fbem-248	30	23	technology	technology	NOUN
fbem-248	30	24	has	have	VERB
fbem-248	30	25	the	the	DET
fbem-248	30	26	potential	potential	NOUN
fbem-248	30	27	to	to	PART
fbem-248	30	28	improve	improve	VERB
fbem-248	30	29	services	service	NOUN
fbem-248	30	30	and	and	CCONJ
fbem-248	30	31	save	save	VERB
fbem-248	30	32	costs	cost	NOUN
fbem-248	30	33	,	,	PUNCT
fbem-248	30	34	and	and	CCONJ
fbem-248	30	35	may	may	AUX
fbem-248	30	36	break	break	VERB
fbem-248	30	37	the	the	DET
fbem-248	30	38	entry	entry	NOUN
fbem-248	30	39	barriers	barrier	NOUN
fbem-248	30	40	caused	cause	VERB
fbem-248	30	41	by	by	ADP
fbem-248	30	42	the	the	DET
fbem-248	30	43	economies	economy	NOUN
fbem-248	30	44	of	of	ADP
fbem-248	30	45	scale	scale	NOUN
fbem-248	30	46	and	and	CCONJ
fbem-248	30	47	network	network	NOUN
fbem-248	30	48	effects	effect	NOUN
fbem-248	30	49	of	of	ADP
fbem-248	30	50	cross	cross	ADJ
fbem-248	30	51	-	-	ADJ
fbem-248	30	52	border	border	ADJ
fbem-248	30	53	payments	payment	NOUN
fbem-248	30	54	(	(	PUNCT
fbem-248	30	55	he	he	PRON
fbem-248	30	56	et	et	PROPN
fbem-248	30	57	al	al	PROPN
fbem-248	30	58	,	,	PUNCT
fbem-248	30	59	2017	2017	NUM
fbem-248	30	60	)	)	PUNCT
fbem-248	30	61	.	.	PUNCT
fbem-248	31	1	the	the	DET
fbem-248	31	2	international	international	ADJ
fbem-248	31	3	monetary	monetary	ADJ
fbem-248	31	4	system	system	NOUN
fbem-248	31	5	operates	operate	VERB
fbem-248	31	6	in	in	ADP
fbem-248	31	7	accordance	accordance	NOUN
fbem-248	31	8	with	with	ADP
fbem-248	31	9	the	the	DET
fbem-248	31	10	general	general	ADJ
fbem-248	31	11	financial	financial	ADJ
fbem-248	31	12	information	information	NOUN
fbem-248	31	13	standards	standard	NOUN
fbem-248	31	14	.	.	PUNCT
fbem-248	32	1	distributed	distribute	VERB
fbem-248	32	2	ledger	ledger	NOUN
fbem-248	32	3	technology	technology	NOUN
fbem-248	32	4	may	may	AUX
fbem-248	32	5	bring	bring	VERB
fbem-248	32	6	challenges	challenge	NOUN
fbem-248	32	7	,	,	PUNCT
fbem-248	32	8	such	such	ADJ
fbem-248	32	9	as	as	ADP
fbem-248	32	10	interoperability	interoperability	NOUN
fbem-248	32	11	issues	issue	NOUN
fbem-248	32	12	.	.	PUNCT
fbem-248	33	1	therefore	therefore	ADV
fbem-248	33	2	,	,	PUNCT
fbem-248	33	3	relevant	relevant	ADJ
fbem-248	33	4	internationally	internationally	ADV
fbem-248	33	5	recognized	recognize	VERB
fbem-248	33	6	communication	communication	NOUN
fbem-248	33	7	procedures	procedure	NOUN
fbem-248	33	8	and	and	CCONJ
fbem-248	33	9	standards	standard	NOUN
fbem-248	33	10	need	need	VERB
fbem-248	33	11	to	to	PART
fbem-248	33	12	be	be	AUX
fbem-248	33	13	established	establish	VERB
fbem-248	33	14	.	.	PUNCT
fbem-248	34	1	considering	consider	VERB
fbem-248	34	2	compliance	compliance	NOUN
fbem-248	34	3	and	and	CCONJ
fbem-248	34	4	other	other	ADJ
fbem-248	34	5	regulatory	regulatory	ADJ
fbem-248	34	6	requirements	requirement	NOUN
fbem-248	34	7	,	,	PUNCT
fbem-248	34	8	only	only	ADV
fbem-248	34	9	licensed	licensed	ADJ
fbem-248	34	10	distributed	distribute	VERB
fbem-248	34	11	ledger	ledger	NOUN
fbem-248	34	12	networks	network	NOUN
fbem-248	34	13	are	be	AUX
fbem-248	34	14	suitable	suitable	ADJ
fbem-248	34	15	for	for	ADP
fbem-248	34	16	financial	financial	ADJ
fbem-248	34	17	market	market	NOUN
fbem-248	34	18	infrastructure	infrastructure	NOUN
fbem-248	34	19	(	(	PUNCT
fbem-248	34	20	shabsigh	shabsigh	PROPN
fbem-248	34	21	et	et	PROPN
fbem-248	34	22	al	al	PROPN
fbem-248	34	23	.	.	PROPN
fbem-248	34	24	,	,	PUNCT
fbem-248	34	25	2020	2020	NUM
fbem-248	34	26	)	)	PUNCT
fbem-248	34	27	.	.	PUNCT
fbem-248	35	1	2.2	2.2	NUM
fbem-248	35	2	.	.	PUNCT
fbem-248	35	3	research	research	NOUN
fbem-248	35	4	on	on	ADP
fbem-248	35	5	digital	digital	ADJ
fbem-248	35	6	currency	currency	NOUN
fbem-248	35	7	issuance	issuance	NOUN
fbem-248	35	8	and	and	CCONJ
fbem-248	35	9	rmb	rmb	NOUN
fbem-248	35	10	internationalization	internationalization	NOUN
fbem-248	35	11	the	the	DET
fbem-248	35	12	internationalization	internationalization	NOUN
fbem-248	35	13	of	of	ADP
fbem-248	35	14	a	a	DET
fbem-248	35	15	country	country	NOUN
fbem-248	35	16	's	's	PART
fbem-248	35	17	currency	currency	NOUN
fbem-248	35	18	involves	involve	VERB
fbem-248	35	19	many	many	ADJ
fbem-248	35	20	aspects	aspect	NOUN
fbem-248	35	21	such	such	ADJ
fbem-248	35	22	as	as	ADP
fbem-248	35	23	value	value	NOUN
fbem-248	35	24	storage	storage	NOUN
fbem-248	35	25	,	,	PUNCT
fbem-248	35	26	transaction	transaction	NOUN
fbem-248	35	27	media	medium	NOUN
fbem-248	35	28	and	and	CCONJ
fbem-248	35	29	bookkeeping	bookkeeping	NOUN
fbem-248	35	30	unit	unit	NOUN
fbem-248	35	31	.	.	PUNCT
fbem-248	36	1	it	it	PRON
fbem-248	36	2	can	can	AUX
fbem-248	36	3	not	not	PART
fbem-248	36	4	be	be	AUX
fbem-248	36	5	realized	realize	VERB
fbem-248	36	6	only	only	ADV
fbem-248	36	7	by	by	ADP
fbem-248	36	8	relying	rely	VERB
fbem-248	36	9	on	on	ADP
fbem-248	36	10	the	the	DET
fbem-248	36	11	wide	wide	ADJ
fbem-248	36	12	application	application	NOUN
fbem-248	36	13	of	of	ADP
fbem-248	36	14	central	central	ADJ
fbem-248	36	15	bank	bank	PROPN
fbem-248	36	16	digital	digital	ADJ
fbem-248	36	17	currency	currency	NOUN
fbem-248	36	18	in	in	ADP
fbem-248	36	19	the	the	DET
fbem-248	36	20	field	field	NOUN
fbem-248	36	21	of	of	ADP
fbem-248	36	22	cross	cross	ADJ
fbem-248	36	23	-	-	ADJ
fbem-248	36	24	border	border	ADJ
fbem-248	36	25	payment	payment	NOUN
fbem-248	36	26	.	.	PUNCT
fbem-248	37	1	it	it	PRON
fbem-248	37	2	should	should	AUX
fbem-248	37	3	be	be	AUX
fbem-248	37	4	clearly	clearly	ADV
fbem-248	37	5	recognized	recognize	VERB
fbem-248	37	6	that	that	SCONJ
fbem-248	37	7	a	a	DET
fbem-248	37	8	country	country	NOUN
fbem-248	37	9	's	's	PART
fbem-248	37	10	currency	currency	NOUN
fbem-248	37	11	becomes	become	VERB
fbem-248	37	12	an	an	DET
fbem-248	37	13	international	international	ADJ
fbem-248	37	14	currency	currency	NOUN
fbem-248	37	15	,	,	PUNCT
fbem-248	37	16	which	which	PRON
fbem-248	37	17	fundamentally	fundamentally	ADV
fbem-248	37	18	depends	depend	VERB
fbem-248	37	19	on	on	ADP
fbem-248	37	20	its	its	PRON
fbem-248	37	21	comprehensive	comprehensive	ADJ
fbem-248	37	22	national	national	ADJ
fbem-248	37	23	strength	strength	NOUN
fbem-248	37	24	formed	form	VERB
fbem-248	37	25	by	by	ADP
fbem-248	37	26	its	its	PRON
fbem-248	37	27	political	political	ADJ
fbem-248	37	28	,	,	PUNCT
fbem-248	37	29	military	military	ADJ
fbem-248	37	30	,	,	PUNCT
fbem-248	37	31	economic	economic	ADJ
fbem-248	37	32	,	,	PUNCT
fbem-248	37	33	financial	financial	ADJ
fbem-248	37	34	and	and	CCONJ
fbem-248	37	35	scientific	scientific	ADJ
fbem-248	37	36	and	and	CCONJ
fbem-248	37	37	technological	technological	ADJ
fbem-248	37	38	strength	strength	NOUN
fbem-248	37	39	,	,	PUNCT
fbem-248	37	40	and	and	CCONJ
fbem-248	37	41	will	will	AUX
fbem-248	37	42	not	not	PART
fbem-248	37	43	change	change	VERB
fbem-248	37	44	because	because	SCONJ
fbem-248	37	45	of	of	ADP
fbem-248	37	46	the	the	DET
fbem-248	37	47	change	change	NOUN
fbem-248	37	48	of	of	ADP
fbem-248	37	49	the	the	DET
fbem-248	37	50	carrier	carrier	NOUN
fbem-248	37	51	of	of	ADP
fbem-248	37	52	currency	currency	NOUN
fbem-248	37	53	.	.	PUNCT
fbem-248	38	1	to	to	PART
fbem-248	38	2	truly	truly	ADV
fbem-248	38	3	realize	realize	VERB
fbem-248	38	4	the	the	DET
fbem-248	38	5	internationalization	internationalization	NOUN
fbem-248	38	6	of	of	ADP
fbem-248	38	7	rmb	rmb	PROPN
fbem-248	38	8	,	,	PUNCT
fbem-248	38	9	we	we	PRON
fbem-248	38	10	also	also	ADV
fbem-248	38	11	need	need	VERB
fbem-248	38	12	to	to	PART
fbem-248	38	13	promote	promote	VERB
fbem-248	38	14	the	the	DET
fbem-248	38	15	market	market	NOUN
fbem-248	38	16	-	-	PUNCT
fbem-248	38	17	oriented	orient	VERB
fbem-248	38	18	reform	reform	NOUN
fbem-248	38	19	of	of	ADP
fbem-248	38	20	interest	interest	NOUN
fbem-248	38	21	rate	rate	NOUN
fbem-248	38	22	and	and	CCONJ
fbem-248	38	23	exchange	exchange	NOUN
fbem-248	38	24	rate	rate	NOUN
fbem-248	38	25	in	in	ADP
fbem-248	38	26	the	the	DET
fbem-248	38	27	domestic	domestic	ADJ
fbem-248	38	28	financial	financial	ADJ
fbem-248	38	29	market	market	NOUN
fbem-248	38	30	,	,	PUNCT
fbem-248	38	31	develop	develop	VERB
fbem-248	38	32	the	the	DET
fbem-248	38	33	offshore	offshore	ADJ
fbem-248	38	34	rmb	rmb	NOUN
fbem-248	38	35	market	market	NOUN
fbem-248	38	36	,	,	PUNCT
fbem-248	38	37	and	and	CCONJ
fbem-248	38	38	promote	promote	VERB
fbem-248	38	39	the	the	DET
fbem-248	38	40	opening	opening	NOUN
fbem-248	38	41	of	of	ADP
fbem-248	38	42	capital	capital	NOUN
fbem-248	38	43	account	account	NOUN
fbem-248	38	44	(	(	PUNCT
fbem-248	38	45	wang	wang	PROPN
fbem-248	38	46	li	li	PROPN
fbem-248	38	47	,	,	PUNCT
fbem-248	38	48	2020	2020	NUM
fbem-248	38	49	)	)	PUNCT
fbem-248	38	50	.	.	PUNCT
fbem-248	39	1	dcep	dcep	NOUN
fbem-248	39	2	does	do	AUX
fbem-248	39	3	have	have	VERB
fbem-248	39	4	advantages	advantage	NOUN
fbem-248	39	5	in	in	ADP
fbem-248	39	6	cross	cross	ADJ
fbem-248	39	7	-	-	ADJ
fbem-248	39	8	border	border	ADJ
fbem-248	39	9	payment	payment	NOUN
fbem-248	39	10	.	.	PUNCT
fbem-248	40	1	even	even	ADV
fbem-248	40	2	in	in	ADP
fbem-248	40	3	the	the	DET
fbem-248	40	4	future	future	NOUN
fbem-248	40	5	,	,	PUNCT
fbem-248	40	6	with	with	ADP
fbem-248	40	7	the	the	DET
fbem-248	40	8	gradual	gradual	ADJ
fbem-248	40	9	liberalization	liberalization	NOUN
fbem-248	40	10	of	of	ADP
fbem-248	40	11	dcep	dcep	NOUN
fbem-248	40	12	's	's	PART
fbem-248	40	13	restrictions	restriction	NOUN
fbem-248	40	14	on	on	ADP
fbem-248	40	15	payment	payment	NOUN
fbem-248	40	16	time	time	NOUN
fbem-248	40	17	and	and	CCONJ
fbem-248	40	18	amount	amount	NOUN
fbem-248	40	19	,	,	PUNCT
fbem-248	40	20	it	it	PRON
fbem-248	40	21	will	will	AUX
fbem-248	40	22	promote	promote	VERB
fbem-248	40	23	the	the	DET
fbem-248	40	24	internationalization	internationalization	NOUN
fbem-248	40	25	of	of	ADP
fbem-248	40	26	rmb	rmb	NOUN
fbem-248	40	27	in	in	ADP
fbem-248	40	28	the	the	DET
fbem-248	40	29	settlement	settlement	NOUN
fbem-248	40	30	and	and	CCONJ
fbem-248	40	31	valuation	valuation	NOUN
fbem-248	40	32	of	of	ADP
fbem-248	40	33	trade	trade	NOUN
fbem-248	40	34	and	and	CCONJ
fbem-248	40	35	financial	financial	ADJ
fbem-248	40	36	transactions	transaction	NOUN
fbem-248	40	37	.	.	PUNCT
fbem-248	41	1	but	but	CCONJ
fbem-248	41	2	what	what	PRON
fbem-248	41	3	is	be	AUX
fbem-248	41	4	more	more	ADV
fbem-248	41	5	important	important	ADJ
fbem-248	41	6	is	be	AUX
fbem-248	41	7	to	to	PART
fbem-248	41	8	further	far	ADV
fbem-248	41	9	promote	promote	VERB
fbem-248	41	10	the	the	DET
fbem-248	41	11	market	market	NOUN
fbem-248	41	12	-	-	PUNCT
fbem-248	41	13	oriented	orient	VERB
fbem-248	41	14	reform	reform	NOUN
fbem-248	41	15	and	and	CCONJ
fbem-248	41	16	opening	opening	NOUN
fbem-248	41	17	-	-	PUNCT
fbem-248	41	18	up	up	NOUN
fbem-248	41	19	in	in	ADP
fbem-248	41	20	china	china	PROPN
fbem-248	41	21	's	's	PART
fbem-248	41	22	economic	economic	ADJ
fbem-248	41	23	and	and	CCONJ
fbem-248	41	24	financial	financial	ADJ
fbem-248	41	25	fields	field	NOUN
fbem-248	41	26	,	,	PUNCT
fbem-248	41	27	and	and	CCONJ
fbem-248	41	28	improve	improve	VERB
fbem-248	41	29	china	china	PROPN
fbem-248	41	30	's	's	PART
fbem-248	41	31	global	global	ADJ
fbem-248	41	32	economic	economic	ADJ
fbem-248	41	33	status	status	NOUN
fbem-248	41	34	and	and	CCONJ
fbem-248	41	35	comprehensive	comprehensive	ADJ
fbem-248	41	36	national	national	ADJ
fbem-248	41	37	strength	strength	NOUN
fbem-248	41	38	.	.	PUNCT
fbem-248	42	1	it	it	PRON
fbem-248	42	2	is	be	AUX
fbem-248	42	3	impractical	impractical	ADJ
fbem-248	42	4	to	to	PART
fbem-248	42	5	place	place	VERB
fbem-248	42	6	the	the	DET
fbem-248	42	7	internationalization	internationalization	NOUN
fbem-248	42	8	of	of	ADP
fbem-248	42	9	rmb	rmb	NOUN
fbem-248	42	10	only	only	ADV
fbem-248	42	11	on	on	ADP
fbem-248	42	12	the	the	DET
fbem-248	42	13	advantages	advantage	NOUN
fbem-248	42	14	of	of	ADP
fbem-248	42	15	dcep	dcep	NOUN
fbem-248	42	16	in	in	ADP
fbem-248	42	17	the	the	DET
fbem-248	42	18	field	field	NOUN
fbem-248	42	19	of	of	ADP
fbem-248	42	20	cross	cross	ADJ
fbem-248	42	21	-	-	ADJ
fbem-248	42	22	border	border	ADJ
fbem-248	42	23	payment	payment	NOUN
fbem-248	42	24	(	(	PUNCT
fbem-248	42	25	xu	xu	PROPN
fbem-248	42	26	zhong	zhong	PROPN
fbem-248	42	27	,	,	PUNCT
fbem-248	42	28	2020	2020	NUM
fbem-248	42	29	)	)	PUNCT
fbem-248	42	30	.	.	PUNCT
fbem-248	43	1	it	it	PRON
fbem-248	43	2	is	be	AUX
fbem-248	43	3	noteworthy	noteworthy	ADJ
fbem-248	43	4	that	that	SCONJ
fbem-248	43	5	digital	digital	ADJ
fbem-248	43	6	rmb	rmb	NOUN
fbem-248	43	7	will	will	AUX
fbem-248	43	8	be	be	AUX
fbem-248	43	9	more	more	ADV
fbem-248	43	10	conducive	conducive	ADJ
fbem-248	43	11	to	to	ADP
fbem-248	43	12	the	the	DET
fbem-248	43	13	internationalization	internationalization	NOUN
fbem-248	43	14	of	of	ADP
fbem-248	43	15	rmb	rmb	PROPN
fbem-248	43	16	.	.	PUNCT
fbem-248	44	1	before	before	ADP
fbem-248	44	2	the	the	DET
fbem-248	44	3	launch	launch	NOUN
fbem-248	44	4	of	of	ADP
fbem-248	44	5	the	the	DET
fbem-248	44	6	rmb	rmb	NOUN
fbem-248	44	7	cross	cross	ADJ
fbem-248	44	8	-	-	ADJ
fbem-248	44	9	border	border	ADJ
fbem-248	44	10	payment	payment	NOUN
fbem-248	44	11	system	system	NOUN
fbem-248	44	12	(	(	PUNCT
fbem-248	44	13	cips	cip	NOUN
fbem-248	44	14	)	)	PUNCT
fbem-248	44	15	,	,	PUNCT
fbem-248	44	16	the	the	DET
fbem-248	44	17	rmb	rmb	NOUN
fbem-248	44	18	cross	cross	ADJ
fbem-248	44	19	-	-	ADJ
fbem-248	44	20	border	border	ADJ
fbem-248	44	21	settlement	settlement	NOUN
fbem-248	44	22	was	be	AUX
fbem-248	44	23	highly	highly	ADV
fbem-248	44	24	dependent	dependent	ADJ
fbem-248	44	25	on	on	ADP
fbem-248	44	26	the	the	DET
fbem-248	44	27	global	global	ADJ
fbem-248	44	28	interbank	interbank	NOUN
fbem-248	44	29	financial	financial	ADJ
fbem-248	44	30	telecommunication	telecommunication	NOUN
fbem-248	44	31	association	association	NOUN
fbem-248	44	32	(	(	PUNCT
fbem-248	44	33	swift	swift	ADJ
fbem-248	44	34	)	)	PUNCT
fbem-248	44	35	system	system	NOUN
fbem-248	44	36	and	and	CCONJ
fbem-248	44	37	the	the	DET
fbem-248	44	38	interbank	interbank	NOUN
fbem-248	44	39	payment	payment	NOUN
fbem-248	44	40	system	system	NOUN
fbem-248	44	41	(	(	PUNCT
fbem-248	44	42	chips	chip	NOUN
fbem-248	44	43	)	)	PUNCT
fbem-248	44	44	of	of	ADP
fbem-248	44	45	the	the	DET
fbem-248	44	46	new	new	PROPN
fbem-248	44	47	york	york	PROPN
fbem-248	44	48	clearing	clearing	NOUN
fbem-248	44	49	house	house	NOUN
fbem-248	44	50	in	in	ADP
fbem-248	44	51	the	the	DET
fbem-248	44	52	united	united	PROPN
fbem-248	44	53	states	states	PROPN
fbem-248	44	54	.	.	PUNCT
fbem-248	45	1	high	high	ADJ
fbem-248	45	2	dependence	dependence	NOUN
fbem-248	45	3	has	have	VERB
fbem-248	45	4	certain	certain	ADJ
fbem-248	45	5	risks	risk	NOUN
fbem-248	45	6	,	,	PUNCT
fbem-248	45	7	high	high	ADJ
fbem-248	45	8	charges	charge	NOUN
fbem-248	45	9	,	,	PUNCT
fbem-248	45	10	low	low	ADJ
fbem-248	45	11	efficiency	efficiency	NOUN
fbem-248	45	12	and	and	CCONJ
fbem-248	45	13	other	other	ADJ
fbem-248	45	14	defects	defect	NOUN
fbem-248	45	15	.	.	PUNCT
fbem-248	46	1	the	the	DET
fbem-248	46	2	internationalization	internationalization	NOUN
fbem-248	46	3	of	of	ADP
fbem-248	46	4	rmb	rmb	PROPN
fbem-248	46	5	must	must	AUX
fbem-248	46	6	meet	meet	VERB
fbem-248	46	7	the	the	DET
fbem-248	46	8	conditions	condition	NOUN
fbem-248	46	9	of	of	ADP
fbem-248	46	10	a	a	DET
fbem-248	46	11	certain	certain	ADJ
fbem-248	46	12	degree	degree	NOUN
fbem-248	46	13	of	of	ADP
fbem-248	46	14	circulation	circulation	NOUN
fbem-248	46	15	abroad	abroad	ADV
fbem-248	46	16	,	,	PUNCT
fbem-248	46	17	a	a	DET
fbem-248	46	18	certain	certain	ADJ
fbem-248	46	19	proportion	proportion	NOUN
fbem-248	46	20	of	of	ADP
fbem-248	46	21	transactions	transaction	NOUN
fbem-248	46	22	settled	settle	VERB
fbem-248	46	23	in	in	ADP
fbem-248	46	24	rmb	rmb	PROPN
fbem-248	46	25	in	in	ADP
fbem-248	46	26	international	international	ADJ
fbem-248	46	27	trade	trade	NOUN
fbem-248	46	28	,	,	PUNCT
fbem-248	46	29	and	and	CCONJ
fbem-248	46	30	the	the	DET
fbem-248	46	31	financial	financial	ADJ
fbem-248	46	32	products	product	NOUN
fbem-248	46	33	priced	price	VERB
fbem-248	46	34	in	in	ADP
fbem-248	46	35	rmb	rmb	PROPN
fbem-248	46	36	become	become	VERB
fbem-248	46	37	the	the	DET
fbem-248	46	38	investment	investment	NOUN
fbem-248	46	39	tools	tool	NOUN
fbem-248	46	40	of	of	ADP
fbem-248	46	41	major	major	ADJ
fbem-248	46	42	international	international	ADJ
fbem-248	46	43	financial	financial	ADJ
fbem-248	46	44	institutions	institution	NOUN
fbem-248	46	45	.	.	PUNCT
fbem-248	47	1	the	the	DET
fbem-248	47	2	use	use	NOUN
fbem-248	47	3	of	of	ADP
fbem-248	47	4	digital	digital	ADJ
fbem-248	47	5	rmb	rmb	NOUN
fbem-248	47	6	is	be	AUX
fbem-248	47	7	likely	likely	ADJ
fbem-248	47	8	to	to	PART
fbem-248	47	9	greatly	greatly	ADV
fbem-248	47	10	improve	improve	VERB
fbem-248	47	11	the	the	DET
fbem-248	47	12	speed	speed	NOUN
fbem-248	47	13	of	of	ADP
fbem-248	47	14	cross	cross	ADJ
fbem-248	47	15	-	-	ADJ
fbem-248	47	16	border	border	ADJ
fbem-248	47	17	settlement	settlement	NOUN
fbem-248	47	18	,	,	PUNCT
fbem-248	47	19	and	and	CCONJ
fbem-248	47	20	its	its	PRON
fbem-248	47	21	security	security	NOUN
fbem-248	47	22	will	will	AUX
fbem-248	47	23	be	be	AUX
fbem-248	47	24	higher	high	ADJ
fbem-248	47	25	than	than	ADP
fbem-248	47	26	that	that	PRON
fbem-248	47	27	of	of	ADP
fbem-248	47	28	traditional	traditional	ADJ
fbem-248	47	29	cross	cross	ADJ
fbem-248	47	30	-	-	ADJ
fbem-248	47	31	border	border	ADJ
fbem-248	47	32	settlement	settlement	NOUN
fbem-248	47	33	.	.	PUNCT
fbem-248	48	1	however	however	ADV
fbem-248	48	2	,	,	PUNCT
fbem-248	48	3	to	to	PART
fbem-248	48	4	enter	enter	VERB
fbem-248	48	5	the	the	DET
fbem-248	48	6	international	international	ADJ
fbem-248	48	7	market	market	NOUN
fbem-248	48	8	,	,	PUNCT
fbem-248	48	9	digital	digital	ADJ
fbem-248	48	10	rmb	rmb	PROPN
fbem-248	48	11	still	still	ADV
fbem-248	48	12	faces	face	VERB
fbem-248	48	13	many	many	ADJ
fbem-248	48	14	challenges	challenge	NOUN
fbem-248	48	15	.	.	PUNCT
fbem-248	49	1	first	first	ADV
fbem-248	49	2	,	,	PUNCT
fbem-248	49	3	the	the	DET
fbem-248	49	4	rmb	rmb	NOUN
fbem-248	49	5	has	have	VERB
fbem-248	49	6	a	a	DET
fbem-248	49	7	certain	certain	ADJ
fbem-248	49	8	degree	degree	NOUN
fbem-248	49	9	of	of	ADP
fbem-248	49	10	circulation	circulation	NOUN
fbem-248	49	11	abroad	abroad	ADV
fbem-248	49	12	.	.	PUNCT
fbem-248	50	1	second	second	ADV
fbem-248	50	2	,	,	PUNCT
fbem-248	50	3	the	the	DET
fbem-248	50	4	transactions	transaction	NOUN
fbem-248	50	5	settled	settle	VERB
fbem-248	50	6	by	by	ADP
fbem-248	50	7	the	the	DET
fbem-248	50	8	people	people	NOUN
fbem-248	50	9	in	in	ADP
fbem-248	50	10	international	international	ADJ
fbem-248	50	11	trade	trade	NOUN
fbem-248	50	12	should	should	AUX
fbem-248	50	13	reach	reach	VERB
fbem-248	50	14	a	a	DET
fbem-248	50	15	certain	certain	ADJ
fbem-248	50	16	proportion	proportion	NOUN
fbem-248	50	17	.	.	PUNCT
fbem-248	51	1	third	third	ADJ
fbem-248	51	2	,	,	PUNCT
fbem-248	51	3	the	the	DET
fbem-248	51	4	financial	financial	ADJ
fbem-248	51	5	products	product	NOUN
fbem-248	51	6	priced	price	VERB
fbem-248	51	7	in	in	ADP
fbem-248	51	8	rmb	rmb	PROPN
fbem-248	51	9	have	have	AUX
fbem-248	51	10	become	become	VERB
fbem-248	51	11	the	the	DET
fbem-248	51	12	investment	investment	NOUN
fbem-248	51	13	tools	tool	NOUN
fbem-248	51	14	of	of	ADP
fbem-248	51	15	major	major	ADJ
fbem-248	51	16	international	international	ADJ
fbem-248	51	17	financial	financial	ADJ
fbem-248	51	18	institutions	institution	NOUN
fbem-248	51	19	,	,	PUNCT
fbem-248	51	20	including	include	VERB
fbem-248	51	21	the	the	DET
fbem-248	51	22	central	central	ADJ
fbem-248	51	23	bank	bank	NOUN
fbem-248	51	24	(	(	PUNCT
fbem-248	51	25	meng	meng	PROPN
fbem-248	51	26	gang	gang	PROPN
fbem-248	51	27	,	,	PUNCT
fbem-248	51	28	2019	2019	NUM
fbem-248	51	29	)	)	PUNCT
fbem-248	51	30	.	.	PUNCT
fbem-248	52	1	2.3	2.3	NUM
fbem-248	52	2	.	.	PUNCT
fbem-248	53	1	research	research	NOUN
fbem-248	53	2	on	on	ADP
fbem-248	53	3	the	the	DET
fbem-248	53	4	reform	reform	NOUN
fbem-248	53	5	of	of	ADP
fbem-248	53	6	digital	digital	ADJ
fbem-248	53	7	currency	currency	NOUN
fbem-248	53	8	issuance	issuance	NOUN
fbem-248	53	9	and	and	CCONJ
fbem-248	53	10	international	international	ADJ
fbem-248	53	11	settlement	settlement	NOUN
fbem-248	53	12	system	system	NOUN
fbem-248	53	13	.	.	PUNCT
fbem-248	54	1	as	as	ADP
fbem-248	54	2	the	the	DET
fbem-248	54	3	most	most	ADV
fbem-248	54	4	important	important	ADJ
fbem-248	54	5	international	international	ADJ
fbem-248	54	6	financial	financial	ADJ
fbem-248	54	7	infrastructure	infrastructure	NOUN
fbem-248	54	8	,	,	PUNCT
fbem-248	54	9	cross	cross	ADJ
fbem-248	54	10	-	-	ADJ
fbem-248	54	11	border	border	ADJ
fbem-248	54	12	payment	payment	NOUN
fbem-248	54	13	network	network	NOUN
fbem-248	54	14	is	be	AUX
fbem-248	54	15	a	a	DET
fbem-248	54	16	key	key	ADJ
fbem-248	54	17	component	component	NOUN
fbem-248	54	18	of	of	ADP
fbem-248	54	19	the	the	DET
fbem-248	54	20	international	international	ADJ
fbem-248	54	21	monetary	monetary	ADJ
fbem-248	54	22	system	system	NOUN
fbem-248	54	23	.	.	PUNCT
fbem-248	55	1	the	the	DET
fbem-248	55	2	united	united	PROPN
fbem-248	55	3	states	states	PROPN
fbem-248	55	4	has	have	VERB
fbem-248	55	5	strong	strong	ADJ
fbem-248	55	6	influence	influence	NOUN
fbem-248	55	7	on	on	ADP
fbem-248	55	8	swift	swift	ADJ
fbem-248	55	9	and	and	CCONJ
fbem-248	55	10	chips	chip	NOUN
fbem-248	55	11	,	,	PUNCT
fbem-248	55	12	which	which	PRON
fbem-248	55	13	have	have	VERB
fbem-248	55	14	absolute	absolute	ADJ
fbem-248	55	15	market	market	NOUN
fbem-248	55	16	power	power	NOUN
fbem-248	55	17	in	in	ADP
fbem-248	55	18	the	the	DET
fbem-248	55	19	traditional	traditional	ADJ
fbem-248	55	20	cross	cross	ADJ
fbem-248	55	21	-	-	ADJ
fbem-248	55	22	border	border	ADJ
fbem-248	55	23	payment	payment	NOUN
fbem-248	55	24	system	system	NOUN
fbem-248	55	25	,	,	PUNCT
fbem-248	55	26	which	which	PRON
fbem-248	55	27	provides	provide	VERB
fbem-248	55	28	strong	strong	ADJ
fbem-248	55	29	support	support	NOUN
fbem-248	55	30	for	for	SCONJ
fbem-248	55	31	the	the	DET
fbem-248	55	32	united	united	PROPN
fbem-248	55	33	states	states	PROPN
fbem-248	55	34	to	to	PART
fbem-248	55	35	gain	gain	VERB
fbem-248	55	36	dominance	dominance	NOUN
fbem-248	55	37	in	in	ADP
fbem-248	55	38	the	the	DET
fbem-248	55	39	international	international	ADJ
fbem-248	55	40	monetary	monetary	ADJ
fbem-248	55	41	system	system	NOUN
fbem-248	55	42	.	.	PUNCT
fbem-248	56	1	since	since	SCONJ
fbem-248	56	2	chips	chip	NOUN
fbem-248	56	3	is	be	AUX
fbem-248	56	4	the	the	DET
fbem-248	56	5	united	united	PROPN
fbem-248	56	6	states	states	PROPN
fbem-248	56	7	'	'	PART
fbem-248	56	8	own	own	ADJ
fbem-248	56	9	payment	payment	NOUN
fbem-248	56	10	and	and	CCONJ
fbem-248	56	11	clearing	clearing	NOUN
fbem-248	56	12	system	system	NOUN
fbem-248	56	13	,	,	PUNCT
fbem-248	56	14	the	the	DET
fbem-248	56	15	united	united	PROPN
fbem-248	56	16	states	states	PROPN
fbem-248	56	17	can	can	AUX
fbem-248	56	18	directly	directly	ADV
fbem-248	56	19	decide	decide	VERB
fbem-248	56	20	whether	whether	SCONJ
fbem-248	56	21	to	to	PART
fbem-248	56	22	cut	cut	VERB
fbem-248	56	23	off	off	ADP
fbem-248	56	24	the	the	DET
fbem-248	56	25	capital	capital	NOUN
fbem-248	56	26	flow	flow	NOUN
fbem-248	56	27	channel	channel	NOUN
fbem-248	56	28	of	of	ADP
fbem-248	56	29	dollar	dollar	NOUN
fbem-248	56	30	business	business	NOUN
fbem-248	56	31	of	of	ADP
fbem-248	56	32	financial	financial	ADJ
fbem-248	56	33	institutions	institution	NOUN
fbem-248	56	34	in	in	ADP
fbem-248	56	35	individual	individual	ADJ
fbem-248	56	36	countries	country	NOUN
fbem-248	56	37	,	,	PUNCT
fbem-248	56	38	so	so	SCONJ
fbem-248	56	39	as	as	SCONJ
fbem-248	56	40	to	to	PART
fbem-248	56	41	easily	easily	ADV
fbem-248	56	42	exclude	exclude	VERB
fbem-248	56	43	these	these	DET
fbem-248	56	44	countries	country	NOUN
fbem-248	56	45	from	from	ADP
fbem-248	56	46	the	the	DET
fbem-248	56	47	dollar	dollar	NOUN
fbem-248	56	48	system	system	NOUN
fbem-248	56	49	.	.	PUNCT
fbem-248	57	1	under	under	ADP
fbem-248	57	2	the	the	DET
fbem-248	57	3	international	international	ADJ
fbem-248	57	4	monetary	monetary	ADJ
fbem-248	57	5	system	system	NOUN
fbem-248	57	6	in	in	ADP
fbem-248	57	7	which	which	PRON
fbem-248	57	8	the	the	DET
fbem-248	57	9	us	us	PROPN
fbem-248	57	10	dollar	dollar	NOUN
fbem-248	57	11	is	be	AUX
fbem-248	57	12	the	the	DET
fbem-248	57	13	main	main	ADJ
fbem-248	57	14	settlement	settlement	NOUN
fbem-248	57	15	currency	currency	NOUN
fbem-248	57	16	,	,	PUNCT
fbem-248	57	17	once	once	SCONJ
fbem-248	57	18	the	the	DET
fbem-248	57	19	channel	channel	NOUN
fbem-248	57	20	between	between	ADP
fbem-248	57	21	individual	individual	ADJ
fbem-248	57	22	countries	country	NOUN
fbem-248	57	23	and	and	CCONJ
fbem-248	57	24	chips	chip	NOUN
fbem-248	57	25	is	be	AUX
fbem-248	57	26	cut	cut	VERB
fbem-248	57	27	off	off	ADP
fbem-248	57	28	,	,	PUNCT
fbem-248	57	29	the	the	DET
fbem-248	57	30	relevant	relevant	ADJ
fbem-248	57	31	us	us	PROPN
fbem-248	57	32	dollar	dollar	NOUN
fbem-248	57	33	transaction	transaction	NOUN
fbem-248	57	34	message	message	NOUN
fbem-248	57	35	information	information	NOUN
fbem-248	57	36	provided	provide	VERB
fbem-248	57	37	by	by	ADP
fbem-248	57	38	swift	swift	NOUN
fbem-248	57	39	will	will	AUX
fbem-248	57	40	also	also	ADV
fbem-248	57	41	lose	lose	VERB
fbem-248	57	42	significance	significance	NOUN
fbem-248	57	43	.	.	PUNCT
fbem-248	58	1	however	however	ADV
fbem-248	58	2	,	,	PUNCT
fbem-248	58	3	these	these	DET
fbem-248	58	4	countries	country	NOUN
fbem-248	58	5	can	can	AUX
fbem-248	58	6	still	still	ADV
fbem-248	58	7	carry	carry	VERB
fbem-248	58	8	out	out	ADP
fbem-248	58	9	non	non	ADJ
fbem-248	58	10	us	us	PROPN
fbem-248	58	11	dollar	dollar	NOUN
fbem-248	58	12	cross	cross	ADJ
fbem-248	58	13	-	-	ADJ
fbem-248	58	14	border	border	ADJ
fbem-248	58	15	transactions	transaction	NOUN
fbem-248	58	16	with	with	ADP
fbem-248	58	17	the	the	DET
fbem-248	58	18	support	support	NOUN
fbem-248	58	19	of	of	ADP
fbem-248	58	20	swift	swift	NOUN
fbem-248	58	21	,	,	PUNCT
fbem-248	58	22	and	and	CCONJ
fbem-248	58	23	the	the	DET
fbem-248	58	24	us	us	PROPN
fbem-248	58	25	control	control	NOUN
fbem-248	58	26	over	over	ADP
fbem-248	58	27	swift	swift	NOUN
fbem-248	58	28	has	have	AUX
fbem-248	58	29	been	be	AUX
fbem-248	58	30	strengthened	strengthen	VERB
fbem-248	58	31	in	in	ADP
fbem-248	58	32	recent	recent	ADJ
fbem-248	58	33	years	year	NOUN
fbem-248	58	34	.	.	PUNCT
fbem-248	59	1	after	after	ADP
fbem-248	59	2	the	the	DET
fbem-248	59	3	9	9	NUM
fbem-248	59	4	/	/	SYM
fbem-248	59	5	11	11	NUM
fbem-248	59	6	terrorist	terrorist	ADJ
fbem-248	59	7	attacks	attack	NOUN
fbem-248	59	8	,	,	PUNCT
fbem-248	59	9	the	the	DET
fbem-248	59	10	united	united	ADJ
fbem-248	59	11	19	19	NUM
fbem-248	59	12	states	state	NOUN
fbem-248	59	13	,	,	PUNCT
fbem-248	59	14	in	in	ADP
fbem-248	59	15	accordance	accordance	NOUN
fbem-248	59	16	with	with	ADP
fbem-248	59	17	the	the	DET
fbem-248	59	18	launch	launch	NOUN
fbem-248	59	19	of	of	ADP
fbem-248	59	20	the	the	DET
fbem-248	59	21	"	"	PUNCT
fbem-248	59	22	terrorist	terrorist	ADJ
fbem-248	59	23	fund	fund	NOUN
fbem-248	59	24	tracking	tracking	NOUN
fbem-248	59	25	program	program	NOUN
fbem-248	59	26	"	"	PUNCT
fbem-248	59	27	(	(	PUNCT
fbem-248	59	28	tftp	tftp	PROPN
fbem-248	59	29	)	)	PUNCT
fbem-248	59	30	,	,	PUNCT
fbem-248	59	31	authorized	authorize	VERB
fbem-248	59	32	the	the	DET
fbem-248	59	33	u.s	u.s	PROPN
fbem-248	59	34	.	.	PROPN
fbem-248	59	35	department	department	PROPN
fbem-248	59	36	of	of	ADP
fbem-248	59	37	finance	finance	NOUN
fbem-248	59	38	to	to	PART
fbem-248	59	39	track	track	VERB
fbem-248	59	40	and	and	CCONJ
fbem-248	59	41	freeze	freeze	VERB
fbem-248	59	42	terrorist	terrorist	ADJ
fbem-248	59	43	fund	fund	NOUN
fbem-248	59	44	flows	flow	VERB
fbem-248	59	45	using	use	VERB
fbem-248	59	46	swift	swift	NOUN
fbem-248	59	47	,	,	PUNCT
fbem-248	59	48	and	and	CCONJ
fbem-248	59	49	required	require	VERB
fbem-248	59	50	swift	swift	NOUN
fbem-248	59	51	to	to	PART
fbem-248	59	52	stop	stop	VERB
fbem-248	59	53	providing	provide	VERB
fbem-248	59	54	services	service	NOUN
fbem-248	59	55	to	to	ADP
fbem-248	59	56	individuals	individual	NOUN
fbem-248	59	57	,	,	PUNCT
fbem-248	59	58	enterprises	enterprise	NOUN
fbem-248	59	59	and	and	CCONJ
fbem-248	59	60	financial	financial	ADJ
fbem-248	59	61	institutions	institution	NOUN
fbem-248	59	62	included	include	VERB
fbem-248	59	63	in	in	ADP
fbem-248	59	64	the	the	DET
fbem-248	59	65	scope	scope	NOUN
fbem-248	59	66	of	of	ADP
fbem-248	59	67	sanctions	sanction	NOUN
fbem-248	59	68	.	.	PUNCT
fbem-248	60	1	in	in	ADP
fbem-248	60	2	this	this	DET
fbem-248	60	3	way	way	NOUN
fbem-248	60	4	,	,	PUNCT
fbem-248	60	5	for	for	ADP
fbem-248	60	6	security	security	NOUN
fbem-248	60	7	reasons	reason	NOUN
fbem-248	60	8	,	,	PUNCT
fbem-248	60	9	the	the	DET
fbem-248	60	10	united	united	PROPN
fbem-248	60	11	states	states	PROPN
fbem-248	60	12	has	have	AUX
fbem-248	60	13	successfully	successfully	ADV
fbem-248	60	14	turned	turn	VERB
fbem-248	60	15	swift	swift	ADJ
fbem-248	60	16	into	into	ADP
fbem-248	60	17	a	a	DET
fbem-248	60	18	weapon	weapon	NOUN
fbem-248	60	19	to	to	PART
fbem-248	60	20	collect	collect	VERB
fbem-248	60	21	data	datum	NOUN
fbem-248	60	22	on	on	ADP
fbem-248	60	23	capital	capital	NOUN
fbem-248	60	24	transactions	transaction	NOUN
fbem-248	60	25	of	of	ADP
fbem-248	60	26	other	other	ADJ
fbem-248	60	27	countries	country	NOUN
fbem-248	60	28	and	and	CCONJ
fbem-248	60	29	impose	impose	VERB
fbem-248	60	30	financial	financial	ADJ
fbem-248	60	31	sanctions	sanction	NOUN
fbem-248	60	32	on	on	ADP
fbem-248	60	33	countries	country	NOUN
fbem-248	60	34	that	that	PRON
fbem-248	60	35	violate	violate	VERB
fbem-248	60	36	its	its	PRON
fbem-248	60	37	interests	interest	NOUN
fbem-248	60	38	(	(	PUNCT
fbem-248	60	39	farrell	farrell	PROPN
fbem-248	60	40	and	and	CCONJ
fbem-248	60	41	newman	newman	PROPN
fbem-248	60	42	,	,	PUNCT
fbem-248	60	43	2019	2019	NUM
fbem-248	60	44	)	)	PUNCT
fbem-248	60	45	.	.	PUNCT
fbem-248	61	1	it	it	PRON
fbem-248	61	2	can	can	AUX
fbem-248	61	3	be	be	AUX
fbem-248	61	4	seen	see	VERB
fbem-248	61	5	that	that	SCONJ
fbem-248	61	6	by	by	ADP
fbem-248	61	7	controlling	control	VERB
fbem-248	61	8	chips	chip	NOUN
fbem-248	61	9	and	and	CCONJ
fbem-248	61	10	swift	swift	NOUN
fbem-248	61	11	,	,	PUNCT
fbem-248	61	12	which	which	PRON
fbem-248	61	13	have	have	VERB
fbem-248	61	14	a	a	DET
fbem-248	61	15	monopoly	monopoly	NOUN
fbem-248	61	16	in	in	ADP
fbem-248	61	17	the	the	DET
fbem-248	61	18	traditional	traditional	ADJ
fbem-248	61	19	cross	cross	ADJ
fbem-248	61	20	-	-	ADJ
fbem-248	61	21	border	border	ADJ
fbem-248	61	22	payment	payment	NOUN
fbem-248	61	23	system	system	NOUN
fbem-248	61	24	,	,	PUNCT
fbem-248	61	25	the	the	DET
fbem-248	61	26	international	international	ADJ
fbem-248	61	27	monetary	monetary	ADJ
fbem-248	61	28	power	power	NOUN
fbem-248	61	29	of	of	ADP
fbem-248	61	30	the	the	DET
fbem-248	61	31	united	united	PROPN
fbem-248	61	32	states	states	PROPN
fbem-248	61	33	has	have	AUX
fbem-248	61	34	been	be	AUX
fbem-248	61	35	extended	extend	VERB
fbem-248	61	36	beyond	beyond	ADP
fbem-248	61	37	the	the	DET
fbem-248	61	38	dollar	dollar	NOUN
fbem-248	61	39	system	system	NOUN
fbem-248	61	40	.	.	PUNCT
fbem-248	62	1	at	at	ADP
fbem-248	62	2	present	present	ADJ
fbem-248	62	3	,	,	PUNCT
fbem-248	62	4	there	there	PRON
fbem-248	62	5	are	be	VERB
fbem-248	62	6	two	two	NUM
fbem-248	62	7	mainstream	mainstream	NOUN
fbem-248	62	8	design	design	NOUN
fbem-248	62	9	ideas	idea	NOUN
fbem-248	62	10	for	for	ADP
fbem-248	62	11	distributed	distribute	VERB
fbem-248	62	12	cross	cross	ADJ
fbem-248	62	13	-	-	ADJ
fbem-248	62	14	border	border	ADJ
fbem-248	62	15	payment	payment	NOUN
fbem-248	62	16	networks	network	NOUN
fbem-248	62	17	in	in	ADP
fbem-248	62	18	the	the	DET
fbem-248	62	19	world	world	NOUN
fbem-248	62	20	.	.	PUNCT
fbem-248	63	1	one	one	NUM
fbem-248	63	2	is	be	AUX
fbem-248	63	3	based	base	VERB
fbem-248	63	4	on	on	ADP
fbem-248	63	5	the	the	DET
fbem-248	63	6	interoperable	interoperable	ADJ
fbem-248	63	7	digital	digital	ADJ
fbem-248	63	8	currency	currency	NOUN
fbem-248	63	9	of	of	ADP
fbem-248	63	10	national	national	ADJ
fbem-248	63	11	central	central	ADJ
fbem-248	63	12	banks	bank	NOUN
fbem-248	63	13	or	or	CCONJ
fbem-248	63	14	the	the	DET
fbem-248	63	15	digital	digital	ADJ
fbem-248	63	16	stable	stable	ADJ
fbem-248	63	17	currency	currency	NOUN
fbem-248	63	18	of	of	ADP
fbem-248	63	19	anchored	anchored	ADJ
fbem-248	63	20	sovereign	sovereign	ADJ
fbem-248	63	21	currency	currency	NOUN
fbem-248	63	22	.	.	PUNCT
fbem-248	64	1	in	in	ADP
fbem-248	64	2	the	the	DET
fbem-248	64	3	short	short	ADJ
fbem-248	64	4	and	and	CCONJ
fbem-248	64	5	medium	medium	ADJ
fbem-248	64	6	term	term	NOUN
fbem-248	64	7	,	,	PUNCT
fbem-248	64	8	this	this	DET
fbem-248	64	9	idea	idea	NOUN
fbem-248	64	10	will	will	AUX
fbem-248	64	11	lead	lead	VERB
fbem-248	64	12	the	the	DET
fbem-248	64	13	construction	construction	NOUN
fbem-248	64	14	of	of	ADP
fbem-248	64	15	new	new	ADJ
fbem-248	64	16	cross	cross	ADJ
fbem-248	64	17	-	-	ADJ
fbem-248	64	18	border	border	ADJ
fbem-248	64	19	payment	payment	NOUN
fbem-248	64	20	networks	network	NOUN
fbem-248	64	21	.	.	PUNCT
fbem-248	65	1	this	this	PRON
fbem-248	65	2	creates	create	VERB
fbem-248	65	3	opportunities	opportunity	NOUN
fbem-248	65	4	for	for	ADP
fbem-248	65	5	other	other	ADJ
fbem-248	65	6	sovereign	sovereign	ADJ
fbem-248	65	7	currencies	currency	NOUN
fbem-248	65	8	other	other	ADJ
fbem-248	65	9	than	than	ADP
fbem-248	65	10	the	the	DET
fbem-248	65	11	us	us	PROPN
fbem-248	65	12	dollar	dollar	NOUN
fbem-248	65	13	to	to	PART
fbem-248	65	14	play	play	VERB
fbem-248	65	15	the	the	DET
fbem-248	65	16	role	role	NOUN
fbem-248	65	17	of	of	ADP
fbem-248	65	18	trading	trading	NOUN
fbem-248	65	19	media	medium	NOUN
fbem-248	65	20	in	in	ADP
fbem-248	65	21	the	the	DET
fbem-248	65	22	world	world	NOUN
fbem-248	65	23	.	.	PUNCT
fbem-248	66	1	of	of	ADP
fbem-248	66	2	course	course	ADV
fbem-248	66	3	,	,	PUNCT
fbem-248	66	4	whether	whether	SCONJ
fbem-248	66	5	a	a	DET
fbem-248	66	6	country	country	NOUN
fbem-248	66	7	's	's	PART
fbem-248	66	8	sovereign	sovereign	ADJ
fbem-248	66	9	currency	currency	NOUN
fbem-248	66	10	can	can	AUX
fbem-248	66	11	become	become	VERB
fbem-248	66	12	an	an	DET
fbem-248	66	13	international	international	ADJ
fbem-248	66	14	currency	currency	NOUN
fbem-248	66	15	also	also	ADV
fbem-248	66	16	depends	depend	VERB
fbem-248	66	17	on	on	ADP
fbem-248	66	18	the	the	DET
fbem-248	66	19	country	country	NOUN
fbem-248	66	20	's	's	PART
fbem-248	66	21	economic	economic	ADJ
fbem-248	66	22	strength	strength	NOUN
fbem-248	66	23	,	,	PUNCT
fbem-248	66	24	the	the	DET
fbem-248	66	25	international	international	ADJ
fbem-248	66	26	credit	credit	NOUN
fbem-248	66	27	of	of	ADP
fbem-248	66	28	its	its	PRON
fbem-248	66	29	currency	currency	NOUN
fbem-248	66	30	,	,	PUNCT
fbem-248	66	31	the	the	DET
fbem-248	66	32	openness	openness	NOUN
fbem-248	66	33	and	and	CCONJ
fbem-248	66	34	depth	depth	NOUN
fbem-248	66	35	of	of	ADP
fbem-248	66	36	the	the	DET
fbem-248	66	37	financial	financial	ADJ
fbem-248	66	38	market	market	NOUN
fbem-248	66	39	,	,	PUNCT
fbem-248	66	40	the	the	DET
fbem-248	66	41	conditions	condition	NOUN
fbem-248	66	42	of	of	ADP
fbem-248	66	43	financial	financial	ADJ
fbem-248	66	44	infrastructure	infrastructure	NOUN
fbem-248	66	45	,	,	PUNCT
fbem-248	66	46	etc	etc	X
fbem-248	66	47	.	.	X
fbem-248	66	48	according	accord	VERB
fbem-248	66	49	to	to	ADP
fbem-248	66	50	the	the	DET
fbem-248	66	51	itu	itu	PROPN
fbem-248	66	52	report	report	NOUN
fbem-248	66	53	,	,	PUNCT
fbem-248	66	54	there	there	PRON
fbem-248	66	55	are	be	VERB
fbem-248	66	56	three	three	NUM
fbem-248	66	57	design	design	NOUN
fbem-248	66	58	options	option	NOUN
fbem-248	66	59	under	under	ADP
fbem-248	66	60	this	this	DET
fbem-248	66	61	idea	idea	NOUN
fbem-248	66	62	:	:	PUNCT
fbem-248	66	63	one	one	NUM
fbem-248	66	64	is	be	AUX
fbem-248	66	65	the	the	DET
fbem-248	66	66	intermediary	intermediary	ADJ
fbem-248	66	67	mode	mode	NOUN
fbem-248	66	68	,	,	PUNCT
fbem-248	66	69	that	that	ADV
fbem-248	66	70	is	is	ADV
fbem-248	66	71	,	,	PUNCT
fbem-248	66	72	currency	currency	NOUN
fbem-248	66	73	exchange	exchange	NOUN
fbem-248	66	74	and	and	CCONJ
fbem-248	66	75	capital	capital	NOUN
fbem-248	66	76	transfer	transfer	NOUN
fbem-248	66	77	need	need	VERB
fbem-248	66	78	to	to	PART
fbem-248	66	79	be	be	AUX
fbem-248	66	80	through	through	ADP
fbem-248	66	81	intermediaries	intermediary	NOUN
fbem-248	66	82	;	;	PUNCT
fbem-248	66	83	the	the	DET
fbem-248	66	84	second	second	NOUN
fbem-248	66	85	is	be	AUX
fbem-248	66	86	the	the	DET
fbem-248	66	87	direct	direct	ADJ
fbem-248	66	88	way	way	NOUN
fbem-248	66	89	,	,	PUNCT
fbem-248	66	90	that	that	ADV
fbem-248	66	91	is	is	ADV
fbem-248	66	92	,	,	PUNCT
fbem-248	66	93	the	the	DET
fbem-248	66	94	two	two	NUM
fbem-248	66	95	sides	side	NOUN
fbem-248	66	96	of	of	ADP
fbem-248	66	97	the	the	DET
fbem-248	66	98	transaction	transaction	NOUN
fbem-248	66	99	transfer	transfer	NOUN
fbem-248	66	100	funds	fund	NOUN
fbem-248	66	101	directly	directly	ADV
fbem-248	66	102	on	on	ADP
fbem-248	66	103	the	the	DET
fbem-248	66	104	network	network	NOUN
fbem-248	66	105	without	without	ADP
fbem-248	66	106	intermediary	intermediary	ADJ
fbem-248	66	107	participation	participation	NOUN
fbem-248	66	108	;	;	PUNCT
fbem-248	66	109	third	third	ADJ
fbem-248	66	110	,	,	PUNCT
fbem-248	66	111	multiple	multiple	ADJ
fbem-248	66	112	currencies	currency	NOUN
fbem-248	66	113	,	,	PUNCT
fbem-248	66	114	that	that	ADV
fbem-248	66	115	is	is	ADV
fbem-248	66	116	,	,	PUNCT
fbem-248	66	117	multiple	multiple	ADJ
fbem-248	66	118	currencies	currency	NOUN
fbem-248	66	119	are	be	AUX
fbem-248	66	120	allowed	allow	VERB
fbem-248	66	121	to	to	PART
fbem-248	66	122	be	be	AUX
fbem-248	66	123	used	use	VERB
fbem-248	66	124	in	in	ADP
fbem-248	66	125	the	the	DET
fbem-248	66	126	same	same	ADJ
fbem-248	66	127	network	network	NOUN
fbem-248	66	128	,	,	PUNCT
fbem-248	66	129	and	and	CCONJ
fbem-248	66	130	intermediaries	intermediary	NOUN
fbem-248	66	131	(	(	PUNCT
fbem-248	66	132	possibly	possibly	ADV
fbem-248	66	133	the	the	DET
fbem-248	66	134	central	central	ADJ
fbem-248	66	135	bank	bank	NOUN
fbem-248	66	136	)	)	PUNCT
fbem-248	66	137	are	be	AUX
fbem-248	66	138	still	still	ADV
fbem-248	66	139	needed	need	VERB
fbem-248	66	140	(	(	PUNCT
fbem-248	66	141	kiff	kiff	PROPN
fbem-248	66	142	et	et	PROPN
fbem-248	66	143	al	al	PROPN
fbem-248	66	144	.	.	PROPN
fbem-248	66	145	,	,	PUNCT
fbem-248	66	146	2019	2019	NUM
fbem-248	66	147	)	)	PUNCT
fbem-248	66	148	.	.	PUNCT
fbem-248	67	1	comparatively	comparatively	ADV
fbem-248	67	2	speaking	speak	VERB
fbem-248	67	3	,	,	PUNCT
fbem-248	67	4	the	the	DET
fbem-248	67	5	third	third	ADJ
fbem-248	67	6	scheme	scheme	NOUN
fbem-248	67	7	more	more	ADJ
fbem-248	67	8	reflects	reflect	VERB
fbem-248	67	9	the	the	DET
fbem-248	67	10	inclusiveness	inclusiveness	NOUN
fbem-248	67	11	of	of	ADP
fbem-248	67	12	the	the	DET
fbem-248	67	13	"	"	PUNCT
fbem-248	67	14	network	network	NOUN
fbem-248	67	15	"	"	PUNCT
fbem-248	67	16	and	and	CCONJ
fbem-248	67	17	may	may	AUX
fbem-248	67	18	have	have	VERB
fbem-248	67	19	a	a	DET
fbem-248	67	20	broader	broad	ADJ
fbem-248	67	21	impact	impact	NOUN
fbem-248	67	22	in	in	ADP
fbem-248	67	23	the	the	DET
fbem-248	67	24	future	future	NOUN
fbem-248	67	25	.	.	PUNCT
fbem-248	68	1	for	for	ADP
fbem-248	68	2	example	example	NOUN
fbem-248	68	3	,	,	PUNCT
fbem-248	68	4	libra	libra	NOUN
fbem-248	68	5	coin	coin	NOUN
fbem-248	68	6	network	network	NOUN
fbem-248	68	7	and	and	CCONJ
fbem-248	68	8	ibm	ibm	PROPN
fbem-248	68	9	's	's	PART
fbem-248	68	10	bww	bww	PROPN
fbem-248	68	11	network	network	NOUN
fbem-248	68	12	belong	belong	VERB
fbem-248	68	13	to	to	ADP
fbem-248	68	14	this	this	DET
fbem-248	68	15	category	category	NOUN
fbem-248	68	16	.	.	PUNCT
fbem-248	69	1	the	the	DET
fbem-248	69	2	second	second	ADJ
fbem-248	69	3	category	category	NOUN
fbem-248	69	4	is	be	AUX
fbem-248	69	5	the	the	DET
fbem-248	69	6	common	common	ADJ
fbem-248	69	7	legal	legal	ADJ
fbem-248	69	8	digital	digital	ADJ
fbem-248	69	9	currency	currency	NOUN
fbem-248	69	10	based	base	VERB
fbem-248	69	11	on	on	ADP
fbem-248	69	12	a	a	DET
fbem-248	69	13	basket	basket	NOUN
fbem-248	69	14	of	of	ADP
fbem-248	69	15	currencies	currency	NOUN
fbem-248	69	16	,	,	PUNCT
fbem-248	69	17	which	which	PRON
fbem-248	69	18	may	may	AUX
fbem-248	69	19	become	become	VERB
fbem-248	69	20	the	the	DET
fbem-248	69	21	long	long	ADJ
fbem-248	69	22	-	-	PUNCT
fbem-248	69	23	term	term	NOUN
fbem-248	69	24	direction	direction	NOUN
fbem-248	69	25	of	of	ADP
fbem-248	69	26	distributed	distribute	VERB
fbem-248	69	27	cross	cross	ADJ
fbem-248	69	28	-	-	ADJ
fbem-248	69	29	border	border	ADJ
fbem-248	69	30	payment	payment	NOUN
fbem-248	69	31	networks	network	NOUN
fbem-248	69	32	.	.	PUNCT
fbem-248	70	1	if	if	SCONJ
fbem-248	70	2	we	we	PRON
fbem-248	70	3	can	can	AUX
fbem-248	70	4	build	build	VERB
fbem-248	70	5	a	a	DET
fbem-248	70	6	new	new	ADJ
fbem-248	70	7	global	global	ADJ
fbem-248	70	8	cross	cross	ADJ
fbem-248	70	9	-	-	ADJ
fbem-248	70	10	border	border	ADJ
fbem-248	70	11	payment	payment	NOUN
fbem-248	70	12	network	network	NOUN
fbem-248	70	13	based	base	VERB
fbem-248	70	14	on	on	ADP
fbem-248	70	15	digital	digital	PROPN
fbem-248	70	16	sdr	sdr	PROPN
fbem-248	70	17	(	(	PUNCT
fbem-248	70	18	esdr	esdr	PROPN
fbem-248	70	19	)	)	PUNCT
fbem-248	70	20	,	,	PUNCT
fbem-248	70	21	it	it	PRON
fbem-248	70	22	will	will	AUX
fbem-248	70	23	promote	promote	VERB
fbem-248	70	24	major	major	ADJ
fbem-248	70	25	changes	change	NOUN
fbem-248	70	26	in	in	ADP
fbem-248	70	27	the	the	DET
fbem-248	70	28	international	international	ADJ
fbem-248	70	29	monetary	monetary	ADJ
fbem-248	70	30	system	system	NOUN
fbem-248	70	31	.	.	PUNCT
fbem-248	71	1	zhou	zhou	PROPN
fbem-248	71	2	xiaochuan	xiaochuan	PROPN
fbem-248	71	3	,	,	PUNCT
fbem-248	71	4	former	former	ADJ
fbem-248	71	5	governor	governor	NOUN
fbem-248	71	6	of	of	ADP
fbem-248	71	7	the	the	DET
fbem-248	71	8	people	people	NOUN
fbem-248	71	9	's	's	PART
fbem-248	71	10	bank	bank	PROPN
fbem-248	71	11	of	of	ADP
fbem-248	71	12	china	china	PROPN
fbem-248	71	13	,	,	PUNCT
fbem-248	71	14	once	once	ADV
fbem-248	71	15	proposed	propose	VERB
fbem-248	71	16	to	to	PART
fbem-248	71	17	build	build	VERB
fbem-248	71	18	sdr	sdr	PROPN
fbem-248	71	19	into	into	ADP
fbem-248	71	20	a	a	DET
fbem-248	71	21	super	super	ADV
fbem-248	71	22	sovereign	sovereign	ADJ
fbem-248	71	23	currency	currency	NOUN
fbem-248	71	24	to	to	PART
fbem-248	71	25	avoid	avoid	VERB
fbem-248	71	26	the	the	DET
fbem-248	71	27	conflict	conflict	NOUN
fbem-248	71	28	between	between	ADP
fbem-248	71	29	domestic	domestic	ADJ
fbem-248	71	30	and	and	CCONJ
fbem-248	71	31	international	international	ADJ
fbem-248	71	32	functions	function	NOUN
fbem-248	71	33	faced	face	VERB
fbem-248	71	34	by	by	ADP
fbem-248	71	35	sovereign	sovereign	ADJ
fbem-248	71	36	currencies	currency	NOUN
fbem-248	71	37	as	as	ADP
fbem-248	71	38	international	international	ADJ
fbem-248	71	39	reserve	reserve	NOUN
fbem-248	71	40	currencies	currency	NOUN
fbem-248	71	41	.	.	PUNCT
fbem-248	72	1	however	however	ADV
fbem-248	72	2	,	,	PUNCT
fbem-248	72	3	because	because	SCONJ
fbem-248	72	4	sdr	sdr	PROPN
fbem-248	72	5	is	be	AUX
fbem-248	72	6	difficult	difficult	ADJ
fbem-248	72	7	to	to	PART
fbem-248	72	8	be	be	AUX
fbem-248	72	9	recognized	recognize	VERB
fbem-248	72	10	by	by	ADP
fbem-248	72	11	market	market	NOUN
fbem-248	72	12	institutions	institution	NOUN
fbem-248	72	13	and	and	CCONJ
fbem-248	72	14	lacks	lack	VERB
fbem-248	72	15	a	a	DET
fbem-248	72	16	mechanism	mechanism	NOUN
fbem-248	72	17	to	to	PART
fbem-248	72	18	attract	attract	VERB
fbem-248	72	19	private	private	ADJ
fbem-248	72	20	use	use	NOUN
fbem-248	72	21	,	,	PUNCT
fbem-248	72	22	it	it	PRON
fbem-248	72	23	has	have	AUX
fbem-248	72	24	not	not	PART
fbem-248	72	25	found	find	VERB
fbem-248	72	26	a	a	DET
fbem-248	72	27	way	way	NOUN
fbem-248	72	28	to	to	PART
fbem-248	72	29	become	become	VERB
fbem-248	72	30	a	a	DET
fbem-248	72	31	super	super	ADV
fbem-248	72	32	sovereign	sovereign	ADJ
fbem-248	72	33	currency	currency	NOUN
fbem-248	72	34	for	for	ADP
fbem-248	72	35	many	many	ADJ
fbem-248	72	36	years	year	NOUN
fbem-248	72	37	.	.	PUNCT
fbem-248	73	1	once	once	ADV
fbem-248	73	2	the	the	DET
fbem-248	73	3	distributed	distribute	VERB
fbem-248	73	4	cross	cross	ADJ
fbem-248	73	5	-	-	ADJ
fbem-248	73	6	border	border	ADJ
fbem-248	73	7	payment	payment	NOUN
fbem-248	73	8	network	network	NOUN
fbem-248	73	9	with	with	ADP
fbem-248	73	10	esdr	esdr	PROPN
fbem-248	73	11	as	as	SCONJ
fbem-248	73	12	the	the	DET
fbem-248	73	13	token	token	NOUN
fbem-248	73	14	is	be	AUX
fbem-248	73	15	established	establish	VERB
fbem-248	73	16	,	,	PUNCT
fbem-248	73	17	esdr	esdr	PROPN
fbem-248	73	18	will	will	AUX
fbem-248	73	19	naturally	naturally	ADV
fbem-248	73	20	assume	assume	VERB
fbem-248	73	21	the	the	DET
fbem-248	73	22	real	real	ADJ
fbem-248	73	23	monetary	monetary	ADJ
fbem-248	73	24	function	function	NOUN
fbem-248	73	25	and	and	CCONJ
fbem-248	73	26	become	become	VERB
fbem-248	73	27	a	a	DET
fbem-248	73	28	truly	truly	ADV
fbem-248	73	29	digital	digital	ADJ
fbem-248	73	30	super	super	ADJ
fbem-248	73	31	sovereign	sovereign	ADJ
fbem-248	73	32	currency	currency	NOUN
fbem-248	73	33	.	.	PUNCT
fbem-248	74	1	if	if	SCONJ
fbem-248	74	2	the	the	DET
fbem-248	74	3	network	network	NOUN
fbem-248	74	4	is	be	AUX
fbem-248	74	5	established	establish	VERB
fbem-248	74	6	under	under	ADP
fbem-248	74	7	the	the	DET
fbem-248	74	8	direct	direct	ADJ
fbem-248	74	9	leadership	leadership	NOUN
fbem-248	74	10	of	of	ADP
fbem-248	74	11	the	the	DET
fbem-248	74	12	imf	imf	PROPN
fbem-248	74	13	,	,	PUNCT
fbem-248	74	14	it	it	PRON
fbem-248	74	15	will	will	AUX
fbem-248	74	16	establish	establish	VERB
fbem-248	74	17	the	the	DET
fbem-248	74	18	authority	authority	NOUN
fbem-248	74	19	and	and	CCONJ
fbem-248	74	20	legitimacy	legitimacy	NOUN
fbem-248	74	21	of	of	ADP
fbem-248	74	22	esdr	esdr	NOUN
fbem-248	74	23	in	in	ADP
fbem-248	74	24	the	the	DET
fbem-248	74	25	international	international	ADJ
fbem-248	74	26	monetary	monetary	ADJ
fbem-248	74	27	system	system	NOUN
fbem-248	74	28	.	.	PUNCT
fbem-248	75	1	however	however	ADV
fbem-248	75	2	,	,	PUNCT
fbem-248	75	3	this	this	DET
fbem-248	75	4	plan	plan	NOUN
fbem-248	75	5	will	will	AUX
fbem-248	75	6	inevitably	inevitably	ADV
fbem-248	75	7	be	be	AUX
fbem-248	75	8	blocked	block	VERB
fbem-248	75	9	by	by	ADP
fbem-248	75	10	the	the	DET
fbem-248	75	11	united	united	PROPN
fbem-248	75	12	states	states	PROPN
fbem-248	75	13	.	.	PUNCT
fbem-248	76	1	as	as	ADP
fbem-248	76	2	the	the	DET
fbem-248	76	3	shaper	shaper	NOUN
fbem-248	76	4	and	and	CCONJ
fbem-248	76	5	the	the	DET
fbem-248	76	6	biggest	big	ADJ
fbem-248	76	7	beneficiary	beneficiary	NOUN
fbem-248	76	8	of	of	ADP
fbem-248	76	9	the	the	DET
fbem-248	76	10	current	current	ADJ
fbem-248	76	11	international	international	ADJ
fbem-248	76	12	monetary	monetary	ADJ
fbem-248	76	13	system	system	NOUN
fbem-248	76	14	,	,	PUNCT
fbem-248	76	15	the	the	DET
fbem-248	76	16	united	united	PROPN
fbem-248	76	17	states	states	PROPN
fbem-248	76	18	will	will	AUX
fbem-248	76	19	not	not	PART
fbem-248	76	20	take	take	VERB
fbem-248	76	21	the	the	DET
fbem-248	76	22	initiative	initiative	NOUN
fbem-248	76	23	to	to	PART
fbem-248	76	24	give	give	VERB
fbem-248	76	25	up	up	ADP
fbem-248	76	26	the	the	DET
fbem-248	76	27	dominance	dominance	NOUN
fbem-248	76	28	of	of	ADP
fbem-248	76	29	the	the	DET
fbem-248	76	30	us	us	PROPN
fbem-248	76	31	dollar	dollar	NOUN
fbem-248	76	32	in	in	ADP
fbem-248	76	33	the	the	DET
fbem-248	76	34	international	international	ADJ
fbem-248	76	35	monetary	monetary	ADJ
fbem-248	76	36	system	system	NOUN
fbem-248	76	37	.	.	PUNCT
fbem-248	77	1	therefore	therefore	ADV
fbem-248	77	2	,	,	PUNCT
fbem-248	77	3	using	use	VERB
fbem-248	77	4	esdr	esdr	NOUN
fbem-248	77	5	to	to	PART
fbem-248	77	6	build	build	VERB
fbem-248	77	7	a	a	DET
fbem-248	77	8	distributed	distribute	VERB
fbem-248	77	9	global	global	ADJ
fbem-248	77	10	cross	cross	ADJ
fbem-248	77	11	-	-	ADJ
fbem-248	77	12	border	border	ADJ
fbem-248	77	13	payment	payment	NOUN
fbem-248	77	14	network	network	NOUN
fbem-248	77	15	will	will	AUX
fbem-248	77	16	be	be	AUX
fbem-248	77	17	a	a	DET
fbem-248	77	18	long	long	ADJ
fbem-248	77	19	-	-	PUNCT
fbem-248	77	20	term	term	NOUN
fbem-248	77	21	process	process	NOUN
fbem-248	77	22	,	,	PUNCT
fbem-248	77	23	which	which	PRON
fbem-248	77	24	is	be	AUX
fbem-248	77	25	more	more	ADV
fbem-248	77	26	likely	likely	ADJ
fbem-248	77	27	to	to	PART
fbem-248	77	28	occur	occur	VERB
fbem-248	77	29	in	in	ADP
fbem-248	77	30	the	the	DET
fbem-248	77	31	period	period	NOUN
fbem-248	77	32	of	of	ADP
fbem-248	77	33	sharp	sharp	ADJ
fbem-248	77	34	decline	decline	NOUN
fbem-248	77	35	in	in	ADP
fbem-248	77	36	us	us	PROPN
fbem-248	77	37	dollar	dollar	NOUN
fbem-248	77	38	credit	credit	NOUN
fbem-248	77	39	.	.	PUNCT
fbem-248	78	1	in	in	ADP
fbem-248	78	2	the	the	DET
fbem-248	78	3	future	future	ADJ
fbem-248	78	4	international	international	ADJ
fbem-248	78	5	monetary	monetary	ADJ
fbem-248	78	6	system	system	NOUN
fbem-248	78	7	,	,	PUNCT
fbem-248	78	8	there	there	PRON
fbem-248	78	9	may	may	AUX
fbem-248	78	10	be	be	AUX
fbem-248	78	11	the	the	DET
fbem-248	78	12	coexistence	coexistence	NOUN
fbem-248	78	13	of	of	ADP
fbem-248	78	14	traditional	traditional	ADJ
fbem-248	78	15	currency	currency	NOUN
fbem-248	78	16	and	and	CCONJ
fbem-248	78	17	digital	digital	ADJ
fbem-248	78	18	currency	currency	NOUN
fbem-248	78	19	;	;	PUNCT
fbem-248	78	20	in	in	ADP
fbem-248	78	21	the	the	DET
fbem-248	78	22	digital	digital	ADJ
fbem-248	78	23	currency	currency	NOUN
fbem-248	78	24	,	,	PUNCT
fbem-248	78	25	there	there	PRON
fbem-248	78	26	may	may	AUX
fbem-248	78	27	be	be	AUX
fbem-248	78	28	the	the	DET
fbem-248	78	29	coexistence	coexistence	NOUN
fbem-248	78	30	of	of	ADP
fbem-248	78	31	stable	stable	ADJ
fbem-248	78	32	currency	currency	NOUN
fbem-248	78	33	and	and	CCONJ
fbem-248	78	34	central	central	ADJ
fbem-248	78	35	bank	bank	NOUN
fbem-248	78	36	digital	digital	ADJ
fbem-248	78	37	currency	currency	NOUN
fbem-248	78	38	;	;	PUNCT
fbem-248	78	39	among	among	ADP
fbem-248	78	40	the	the	DET
fbem-248	78	41	stable	stable	ADJ
fbem-248	78	42	currencies	currency	NOUN
fbem-248	78	43	,	,	PUNCT
fbem-248	78	44	there	there	PRON
fbem-248	78	45	may	may	AUX
fbem-248	78	46	be	be	AUX
fbem-248	78	47	the	the	DET
fbem-248	78	48	coexistence	coexistence	NOUN
fbem-248	78	49	of	of	ADP
fbem-248	78	50	the	the	DET
fbem-248	78	51	stable	stable	ADJ
fbem-248	78	52	currency	currency	NOUN
fbem-248	78	53	anchored	anchor	VERB
fbem-248	78	54	to	to	ADP
fbem-248	78	55	legal	legal	ADJ
fbem-248	78	56	currency	currency	NOUN
fbem-248	78	57	and	and	CCONJ
fbem-248	78	58	the	the	DET
fbem-248	78	59	stable	stable	ADJ
fbem-248	78	60	currency	currency	NOUN
fbem-248	78	61	anchored	anchor	VERB
fbem-248	78	62	to	to	ADP
fbem-248	78	63	bulk	bulk	ADJ
fbem-248	78	64	commodities	commodity	NOUN
fbem-248	78	65	;	;	PUNCT
fbem-248	78	66	among	among	ADP
fbem-248	78	67	the	the	DET
fbem-248	78	68	stable	stable	ADJ
fbem-248	78	69	currencies	currency	NOUN
fbem-248	78	70	anchored	anchor	VERB
fbem-248	78	71	to	to	ADP
fbem-248	78	72	the	the	DET
fbem-248	78	73	legal	legal	ADJ
fbem-248	78	74	currency	currency	NOUN
fbem-248	78	75	,	,	PUNCT
fbem-248	78	76	there	there	PRON
fbem-248	78	77	may	may	AUX
fbem-248	78	78	be	be	AUX
fbem-248	78	79	the	the	DET
fbem-248	78	80	coexistence	coexistence	NOUN
fbem-248	78	81	of	of	ADP
fbem-248	78	82	the	the	DET
fbem-248	78	83	stable	stable	ADJ
fbem-248	78	84	currency	currency	NOUN
fbem-248	78	85	anchored	anchor	VERB
fbem-248	78	86	to	to	ADP
fbem-248	78	87	a	a	DET
fbem-248	78	88	single	single	ADJ
fbem-248	78	89	legal	legal	ADJ
fbem-248	78	90	currency	currency	NOUN
fbem-248	78	91	and	and	CCONJ
fbem-248	78	92	the	the	DET
fbem-248	78	93	stable	stable	ADJ
fbem-248	78	94	currency	currency	NOUN
fbem-248	78	95	anchored	anchor	VERB
fbem-248	78	96	to	to	ADP
fbem-248	78	97	a	a	DET
fbem-248	78	98	basket	basket	NOUN
fbem-248	78	99	of	of	ADP
fbem-248	78	100	currencies	currency	NOUN
fbem-248	78	101	.	.	PUNCT
fbem-248	79	1	in	in	ADP
fbem-248	79	2	short	short	ADJ
fbem-248	79	3	,	,	PUNCT
fbem-248	79	4	the	the	DET
fbem-248	79	5	emergence	emergence	NOUN
fbem-248	79	6	of	of	ADP
fbem-248	79	7	cross	cross	ADJ
fbem-248	79	8	-	-	ADJ
fbem-248	79	9	border	border	ADJ
fbem-248	79	10	payment	payment	NOUN
fbem-248	79	11	networks	network	NOUN
fbem-248	79	12	with	with	ADP
fbem-248	79	13	digital	digital	ADJ
fbem-248	79	14	currency	currency	NOUN
fbem-248	79	15	as	as	SCONJ
fbem-248	79	16	the	the	DET
fbem-248	79	17	carrier	carrier	NOUN
fbem-248	79	18	will	will	AUX
fbem-248	79	19	reshape	reshape	VERB
fbem-248	79	20	the	the	DET
fbem-248	79	21	global	global	ADJ
fbem-248	79	22	cross	cross	ADJ
fbem-248	79	23	-	-	ADJ
fbem-248	79	24	border	border	ADJ
fbem-248	79	25	payment	payment	NOUN
fbem-248	79	26	system	system	NOUN
fbem-248	79	27	,	,	PUNCT
fbem-248	79	28	and	and	CCONJ
fbem-248	79	29	then	then	ADV
fbem-248	79	30	produce	produce	VERB
fbem-248	79	31	a	a	DET
fbem-248	79	32	continuous	continuous	ADJ
fbem-248	79	33	driving	driving	NOUN
fbem-248	79	34	force	force	NOUN
fbem-248	79	35	for	for	ADP
fbem-248	79	36	the	the	DET
fbem-248	79	37	diversified	diversify	VERB
fbem-248	79	38	reform	reform	NOUN
fbem-248	79	39	of	of	ADP
fbem-248	79	40	the	the	DET
fbem-248	79	41	international	international	ADJ
fbem-248	79	42	monetary	monetary	ADJ
fbem-248	79	43	system	system	NOUN
fbem-248	79	44	.	.	PUNCT
fbem-248	80	1	2.4	2.4	NUM
fbem-248	80	2	.	.	PUNCT
fbem-248	80	3	research	research	NOUN
fbem-248	80	4	on	on	ADP
fbem-248	80	5	blockchain	blockchain	PROPN
fbem-248	80	6	technology	technology	PROPN
fbem-248	80	7	and	and	CCONJ
fbem-248	80	8	construction	construction	NOUN
fbem-248	80	9	of	of	ADP
fbem-248	80	10	cross	cross	ADJ
fbem-248	80	11	-	-	ADJ
fbem-248	80	12	border	border	ADJ
fbem-248	80	13	payment	payment	NOUN
fbem-248	80	14	system	system	NOUN
fbem-248	80	15	domestic	domestic	ADJ
fbem-248	80	16	research	research	NOUN
fbem-248	80	17	on	on	ADP
fbem-248	80	18	blockchain	blockchain	PROPN
fbem-248	80	19	cross	cross	PROPN
fbem-248	80	20	-	-	ADJ
fbem-248	80	21	border	border	ADJ
fbem-248	80	22	payment	payment	NOUN
fbem-248	80	23	is	be	AUX
fbem-248	80	24	earlier	early	ADJ
fbem-248	80	25	.	.	PUNCT
fbem-248	81	1	among	among	ADP
fbem-248	81	2	them	they	PRON
fbem-248	81	3	,	,	PUNCT
fbem-248	81	4	deng	deng	PROPN
fbem-248	81	5	qing	qing	PROPN
fbem-248	81	6	(	(	PUNCT
fbem-248	81	7	2020	2020	NUM
fbem-248	81	8	)	)	PUNCT
fbem-248	81	9	analyzed	analyze	VERB
fbem-248	81	10	crossborder	crossborder	NOUN
fbem-248	81	11	clearing	clearing	NOUN
fbem-248	81	12	from	from	ADP
fbem-248	81	13	the	the	DET
fbem-248	81	14	perspective	perspective	NOUN
fbem-248	81	15	of	of	ADP
fbem-248	81	16	the	the	DET
fbem-248	81	17	application	application	NOUN
fbem-248	81	18	mechanism	mechanism	NOUN
fbem-248	81	19	of	of	ADP
fbem-248	81	20	blockchain	blockchain	PROPN
fbem-248	81	21	technology	technology	PROPN
fbem-248	81	22	,	,	PUNCT
fbem-248	81	23	and	and	CCONJ
fbem-248	81	24	believed	believe	VERB
fbem-248	81	25	that	that	SCONJ
fbem-248	81	26	the	the	DET
fbem-248	81	27	timestamp	timestamp	NOUN
fbem-248	81	28	technology	technology	NOUN
fbem-248	81	29	in	in	ADP
fbem-248	81	30	the	the	DET
fbem-248	81	31	underlying	underlie	VERB
fbem-248	81	32	design	design	NOUN
fbem-248	81	33	of	of	ADP
fbem-248	81	34	blockchain	blockchain	PROPN
fbem-248	81	35	is	be	AUX
fbem-248	81	36	the	the	DET
fbem-248	81	37	key	key	NOUN
fbem-248	81	38	to	to	ADP
fbem-248	81	39	its	its	PRON
fbem-248	81	40	traceability	traceability	NOUN
fbem-248	81	41	and	and	CCONJ
fbem-248	81	42	tamperability	tamperability	NOUN
fbem-248	81	43	.	.	PUNCT
fbem-248	82	1	fu	fu	PROPN
fbem-248	82	2	yingjun	yingjun	PROPN
fbem-248	82	3	(	(	PUNCT
fbem-248	82	4	2020	2020	NUM
fbem-248	82	5	)	)	PUNCT
fbem-248	82	6	conducted	conduct	VERB
fbem-248	82	7	classified	classified	ADJ
fbem-248	82	8	research	research	NOUN
fbem-248	82	9	on	on	ADP
fbem-248	82	10	relevant	relevant	ADJ
fbem-248	82	11	institutions	institution	NOUN
fbem-248	82	12	using	use	VERB
fbem-248	82	13	blockchain	blockchain	PROPN
fbem-248	82	14	technology	technology	PROPN
fbem-248	82	15	.	.	PUNCT
fbem-248	83	1	he	he	PRON
fbem-248	83	2	divided	divide	VERB
fbem-248	83	3	the	the	DET
fbem-248	83	4	development	development	NOUN
fbem-248	83	5	of	of	ADP
fbem-248	83	6	current	current	ADJ
fbem-248	83	7	blockchain	blockchain	PROPN
fbem-248	83	8	application	application	NOUN
fbem-248	83	9	subjects	subject	NOUN
fbem-248	83	10	into	into	ADP
fbem-248	83	11	two	two	NUM
fbem-248	83	12	categories	category	NOUN
fbem-248	83	13	:	:	PUNCT
fbem-248	83	14	the	the	DET
fbem-248	83	15	first	first	ADJ
fbem-248	83	16	category	category	NOUN
fbem-248	83	17	is	be	AUX
fbem-248	83	18	traditional	traditional	ADJ
fbem-248	83	19	financial	financial	ADJ
fbem-248	83	20	institutions	institution	NOUN
fbem-248	83	21	,	,	PUNCT
fbem-248	83	22	which	which	PRON
fbem-248	83	23	aims	aim	VERB
fbem-248	83	24	to	to	PART
fbem-248	83	25	apply	apply	VERB
fbem-248	83	26	the	the	DET
fbem-248	83	27	decentralized	decentralized	ADJ
fbem-248	83	28	characteristics	characteristic	NOUN
fbem-248	83	29	of	of	ADP
fbem-248	83	30	blockchain	blockchain	PROPN
fbem-248	83	31	to	to	ADP
fbem-248	83	32	their	their	PRON
fbem-248	83	33	original	original	ADJ
fbem-248	83	34	payment	payment	NOUN
fbem-248	83	35	and	and	CCONJ
fbem-248	83	36	clearing	clearing	NOUN
fbem-248	83	37	infrastructure	infrastructure	NOUN
fbem-248	83	38	,	,	PUNCT
fbem-248	83	39	hoping	hope	VERB
fbem-248	83	40	to	to	PART
fbem-248	83	41	optimize	optimize	VERB
fbem-248	83	42	the	the	DET
fbem-248	83	43	existing	exist	VERB
fbem-248	83	44	payment	payment	NOUN
fbem-248	83	45	and	and	CCONJ
fbem-248	83	46	clearing	clearing	NOUN
fbem-248	83	47	methods	method	NOUN
fbem-248	83	48	;	;	PUNCT
fbem-248	83	49	the	the	DET
fbem-248	83	50	second	second	ADJ
fbem-248	83	51	category	category	NOUN
fbem-248	83	52	is	be	AUX
fbem-248	83	53	blockchain	blockchain	PROPN
fbem-248	83	54	technology	technology	NOUN
fbem-248	83	55	companies	company	NOUN
fbem-248	83	56	,	,	PUNCT
fbem-248	83	57	which	which	PRON
fbem-248	83	58	aim	aim	VERB
fbem-248	83	59	to	to	PART
fbem-248	83	60	explore	explore	VERB
fbem-248	83	61	digital	digital	ADJ
fbem-248	83	62	currencies	currency	NOUN
fbem-248	83	63	that	that	PRON
fbem-248	83	64	can	can	AUX
fbem-248	83	65	replace	replace	VERB
fbem-248	83	66	the	the	DET
fbem-248	83	67	existing	exist	VERB
fbem-248	83	68	monetary	monetary	ADJ
fbem-248	83	69	system	system	NOUN
fbem-248	83	70	,	,	PUNCT
fbem-248	83	71	so	so	SCONJ
fbem-248	83	72	as	as	SCONJ
fbem-248	83	73	to	to	PART
fbem-248	83	74	establish	establish	VERB
fbem-248	83	75	a	a	DET
fbem-248	83	76	powerful	powerful	ADJ
fbem-248	83	77	information	information	NOUN
fbem-248	83	78	data	datum	NOUN
fbem-248	83	79	processing	processing	NOUN
fbem-248	83	80	system	system	NOUN
fbem-248	83	81	to	to	PART
fbem-248	83	82	subvert	subvert	VERB
fbem-248	83	83	the	the	DET
fbem-248	83	84	traditional	traditional	ADJ
fbem-248	83	85	payment	payment	NOUN
fbem-248	83	86	mode	mode	NOUN
fbem-248	83	87	.	.	PUNCT
fbem-248	84	1	zhang	zhang	PROPN
fbem-248	84	2	tao	tao	PROPN
fbem-248	84	3	(	(	PUNCT
fbem-248	84	4	2020	2020	NUM
fbem-248	84	5	)	)	PUNCT
fbem-248	84	6	focused	focus	VERB
fbem-248	84	7	on	on	ADP
fbem-248	84	8	comparing	compare	VERB
fbem-248	84	9	the	the	DET
fbem-248	84	10	traditional	traditional	ADJ
fbem-248	84	11	cross	cross	ADJ
fbem-248	84	12	-	-	ADJ
fbem-248	84	13	border	border	ADJ
fbem-248	84	14	payment	payment	NOUN
fbem-248	84	15	institutions	institution	NOUN
fbem-248	84	16	visa	visa	NOUN
fbem-248	84	17	and	and	CCONJ
fbem-248	84	18	swift	swift	VERB
fbem-248	84	19	to	to	PART
fbem-248	84	20	explore	explore	VERB
fbem-248	84	21	their	their	PRON
fbem-248	84	22	similarities	similarity	NOUN
fbem-248	84	23	and	and	CCONJ
fbem-248	84	24	differences	difference	NOUN
fbem-248	84	25	in	in	ADP
fbem-248	84	26	using	use	VERB
fbem-248	84	27	blockchain	blockchain	PROPN
fbem-248	84	28	technology	technology	PROPN
fbem-248	84	29	to	to	PART
fbem-248	84	30	innovate	innovate	VERB
fbem-248	84	31	the	the	DET
fbem-248	84	32	cross	cross	ADJ
fbem-248	84	33	-	-	ADJ
fbem-248	84	34	border	border	ADJ
fbem-248	84	35	payment	payment	NOUN
fbem-248	84	36	and	and	CCONJ
fbem-248	84	37	settlement	settlement	NOUN
fbem-248	84	38	mode	mode	NOUN
fbem-248	84	39	.	.	PUNCT
fbem-248	85	1	among	among	ADP
fbem-248	85	2	them	they	PRON
fbem-248	85	3	,	,	PUNCT
fbem-248	85	4	he	he	PRON
fbem-248	85	5	pointed	point	VERB
fbem-248	85	6	out	out	ADP
fbem-248	85	7	that	that	SCONJ
fbem-248	85	8	blockchain	blockchain	PROPN
fbem-248	85	9	technology	technology	PROPN
fbem-248	85	10	can	can	AUX
fbem-248	85	11	differentiate	differentiate	VERB
fbem-248	85	12	into	into	ADP
fbem-248	85	13	two	two	NUM
fbem-248	85	14	paths	path	NOUN
fbem-248	85	15	in	in	ADP
fbem-248	85	16	the	the	DET
fbem-248	85	17	current	current	ADJ
fbem-248	85	18	cross	cross	ADJ
fbem-248	85	19	-	-	ADJ
fbem-248	85	20	border	border	ADJ
fbem-248	85	21	payment	payment	NOUN
fbem-248	85	22	and	and	CCONJ
fbem-248	85	23	settlement	settlement	NOUN
fbem-248	85	24	.	.	PUNCT
fbem-248	86	1	wang	wang	PROPN
fbem-248	86	2	chaoyang	chaoyang	PROPN
fbem-248	86	3	(	(	PUNCT
fbem-248	86	4	2020	2020	NUM
fbem-248	86	5	)	)	PUNCT
fbem-248	86	6	focused	focus	VERB
fbem-248	86	7	on	on	ADP
fbem-248	86	8	private	private	PROPN
fbem-248	86	9	blockchain	blockchain	PROPN
fbem-248	86	10	cross	cross	ADJ
fbem-248	86	11	-	-	ADJ
fbem-248	86	12	border	border	ADJ
fbem-248	86	13	payment	payment	NOUN
fbem-248	86	14	enterprises	enterprise	NOUN
fbem-248	86	15	.	.	PUNCT
fbem-248	87	1	taking	take	VERB
fbem-248	87	2	foreign	foreign	ADJ
fbem-248	87	3	cross	cross	ADJ
fbem-248	87	4	-	-	ADJ
fbem-248	87	5	border	border	ADJ
fbem-248	87	6	blockchain	blockchain	NOUN
fbem-248	87	7	ripple	ripple	VERB
fbem-248	87	8	with	with	ADP
fbem-248	87	9	benchmarking	benchmarke	VERB
fbem-248	87	10	significance	significance	NOUN
fbem-248	87	11	as	as	ADP
fbem-248	87	12	an	an	DET
fbem-248	87	13	example	example	NOUN
fbem-248	87	14	,	,	PUNCT
fbem-248	87	15	he	he	PRON
fbem-248	87	16	expounded	expound	VERB
fbem-248	87	17	the	the	DET
fbem-248	87	18	similarities	similarity	NOUN
fbem-248	87	19	and	and	CCONJ
fbem-248	87	20	differences	difference	NOUN
fbem-248	87	21	between	between	ADP
fbem-248	87	22	china	china	PROPN
fbem-248	87	23	's	's	PART
fbem-248	87	24	current	current	ADJ
fbem-248	87	25	four	four	NUM
fbem-248	87	26	traditional	traditional	ADJ
fbem-248	87	27	payment	payment	NOUN
fbem-248	87	28	and	and	CCONJ
fbem-248	87	29	settlement	settlement	NOUN
fbem-248	87	30	modes	mode	NOUN
fbem-248	87	31	and	and	CCONJ
fbem-248	87	32	cross	cross	ADJ
fbem-248	87	33	-	-	ADJ
fbem-248	87	34	border	border	ADJ
fbem-248	87	35	settlement	settlement	NOUN
fbem-248	87	36	modes	mode	NOUN
fbem-248	87	37	under	under	ADP
fbem-248	87	38	blockchain	blockchain	PROPN
fbem-248	87	39	technology	technology	PROPN
fbem-248	87	40	,	,	PUNCT
fbem-248	87	41	and	and	CCONJ
fbem-248	87	42	summarized	summarize	VERB
fbem-248	87	43	and	and	CCONJ
fbem-248	87	44	proposed	propose	VERB
fbem-248	87	45	that	that	SCONJ
fbem-248	87	46	"	"	PUNCT
fbem-248	87	47	high	high	ADJ
fbem-248	87	48	efficiency	efficiency	NOUN
fbem-248	87	49	"	"	PUNCT
fbem-248	87	50	and	and	CCONJ
fbem-248	87	51	"	"	PUNCT
fbem-248	87	52	reducing	reduce	VERB
fbem-248	87	53	capital	capital	NOUN
fbem-248	87	54	occupation	occupation	NOUN
fbem-248	87	55	"	"	PUNCT
fbem-248	87	56	are	be	AUX
fbem-248	87	57	the	the	DET
fbem-248	87	58	two	two	NUM
fbem-248	87	59	core	core	NOUN
fbem-248	87	60	advantages	advantage	NOUN
fbem-248	87	61	of	of	ADP
fbem-248	87	62	blockchain	blockchain	PROPN
fbem-248	87	63	cross	cross	ADJ
fbem-248	87	64	-	-	ADJ
fbem-248	87	65	border	border	ADJ
fbem-248	87	66	clearing	clearing	NOUN
fbem-248	87	67	,	,	PUNCT
fbem-248	87	68	at	at	ADP
fbem-248	87	69	the	the	DET
fbem-248	87	70	same	same	ADJ
fbem-248	87	71	time	time	NOUN
fbem-248	87	72	,	,	PUNCT
fbem-248	87	73	comparing	compare	VERB
fbem-248	87	74	the	the	DET
fbem-248	87	75	development	development	NOUN
fbem-248	87	76	of	of	ADP
fbem-248	87	77	china	china	PROPN
fbem-248	87	78	's	's	PART
fbem-248	87	79	exploration	exploration	NOUN
fbem-248	87	80	of	of	ADP
fbem-248	87	81	crossborder	crossborder	NOUN
fbem-248	87	82	payment	payment	NOUN
fbem-248	87	83	with	with	ADP
fbem-248	87	84	foreign	foreign	ADJ
fbem-248	87	85	countries	country	NOUN
fbem-248	87	86	,	,	PUNCT
fbem-248	87	87	it	it	PRON
fbem-248	87	88	is	be	AUX
fbem-248	87	89	considered	consider	VERB
fbem-248	87	90	that	that	SCONJ
fbem-248	87	91	the	the	DET
fbem-248	87	92	main	main	ADJ
fbem-248	87	93	factors	factor	NOUN
fbem-248	87	94	restricting	restrict	VERB
fbem-248	87	95	china	china	PROPN
fbem-248	87	96	's	's	PART
fbem-248	87	97	exploration	exploration	NOUN
fbem-248	87	98	of	of	ADP
fbem-248	87	99	blockchain	blockchain	PROPN
fbem-248	87	100	are	be	AUX
fbem-248	87	101	fuzzy	fuzzy	ADJ
fbem-248	87	102	supervision	supervision	NOUN
fbem-248	87	103	and	and	CCONJ
fbem-248	87	104	relatively	relatively	ADV
fbem-248	87	105	backward	backward	ADJ
fbem-248	87	106	technology	technology	NOUN
fbem-248	87	107	.	.	PUNCT
fbem-248	88	1	recently	recently	ADV
fbem-248	88	2	,	,	PUNCT
fbem-248	88	3	china	china	PROPN
fbem-248	88	4	's	's	PART
fbem-248	88	5	large	large	ADJ
fbem-248	88	6	commercial	commercial	ADJ
fbem-248	88	7	banks	bank	NOUN
fbem-248	88	8	and	and	CCONJ
fbem-248	88	9	financial	financial	ADJ
fbem-248	88	10	technology	technology	NOUN
fbem-248	88	11	giants	giant	NOUN
fbem-248	88	12	have	have	AUX
fbem-248	88	13	competed	compete	VERB
fbem-248	88	14	to	to	PART
fbem-248	88	15	layout	layout	VERB
fbem-248	88	16	blockchain	blockchain	PROPN
fbem-248	88	17	crossborder	crossborder	NOUN
fbem-248	88	18	payment	payment	NOUN
fbem-248	88	19	,	,	PUNCT
fbem-248	88	20	successively	successively	ADV
fbem-248	88	21	carried	carry	VERB
fbem-248	88	22	out	out	ADP
fbem-248	88	23	services	service	NOUN
fbem-248	88	24	and	and	CCONJ
fbem-248	88	25	continuously	continuously	ADV
fbem-248	88	26	expanded	expand	VERB
fbem-248	88	27	their	their	PRON
fbem-248	88	28	business	business	NOUN
fbem-248	88	29	territory	territory	NOUN
fbem-248	88	30	.	.	PUNCT
fbem-248	89	1	at	at	ADP
fbem-248	89	2	present	present	ADJ
fbem-248	89	3	,	,	PUNCT
fbem-248	89	4	domestic	domestic	ADJ
fbem-248	89	5	projects	project	NOUN
fbem-248	89	6	applying	apply	VERB
fbem-248	89	7	blockchain	blockchain	PROPN
fbem-248	89	8	technology	technology	NOUN
fbem-248	89	9	to	to	PART
fbem-248	89	10	crossborder	crossborder	NOUN
fbem-248	89	11	payment	payment	NOUN
fbem-248	89	12	have	have	AUX
fbem-248	89	13	been	be	AUX
fbem-248	89	14	implemented	implement	VERB
fbem-248	89	15	.	.	PUNCT
fbem-248	90	1	the	the	DET
fbem-248	90	2	most	most	ADV
fbem-248	90	3	benchmarking	benchmarke	VERB
fbem-248	90	4	significance	significance	NOUN
fbem-248	90	5	is	be	AUX
fbem-248	90	6	the	the	DET
fbem-248	90	7	cross	cross	ADJ
fbem-248	90	8	-	-	ADJ
fbem-248	90	9	border	border	ADJ
fbem-248	90	10	payment	payment	NOUN
fbem-248	90	11	20	20	NUM
fbem-248	90	12	launched	launch	VERB
fbem-248	90	13	by	by	ADP
fbem-248	90	14	ant	ant	ADJ
fbem-248	90	15	financial	financial	NOUN
fbem-248	90	16	in	in	ADP
fbem-248	90	17	2018	2018	NUM
fbem-248	90	18	in	in	ADP
fbem-248	90	19	hong	hong	PROPN
fbem-248	90	20	kong	kong	PROPN
fbem-248	90	21	,	,	PUNCT
fbem-248	90	22	china	china	PROPN
fbem-248	90	23	and	and	CCONJ
fbem-248	90	24	the	the	DET
fbem-248	90	25	philippines	philippine	NOUN
fbem-248	90	26	.	.	PUNCT
fbem-248	91	1	3	3	X
fbem-248	91	2	.	.	X
fbem-248	91	3	summary	summary	VERB
fbem-248	91	4	through	through	ADP
fbem-248	91	5	the	the	DET
fbem-248	91	6	research	research	NOUN
fbem-248	91	7	,	,	PUNCT
fbem-248	91	8	we	we	PRON
fbem-248	91	9	find	find	VERB
fbem-248	91	10	that	that	SCONJ
fbem-248	91	11	the	the	DET
fbem-248	91	12	central	central	ADJ
fbem-248	91	13	bank	bank	NOUN
fbem-248	91	14	's	's	PART
fbem-248	91	15	digital	digital	ADJ
fbem-248	91	16	currency	currency	NOUN
fbem-248	91	17	operation	operation	NOUN
fbem-248	91	18	mechanism	mechanism	NOUN
fbem-248	91	19	varies	vary	VERB
fbem-248	91	20	from	from	ADP
fbem-248	91	21	country	country	NOUN
fbem-248	91	22	to	to	ADP
fbem-248	91	23	country	country	NOUN
fbem-248	91	24	.	.	PUNCT
fbem-248	92	1	central	central	ADJ
fbem-248	92	2	banks	bank	NOUN
fbem-248	92	3	of	of	ADP
fbem-248	92	4	various	various	ADJ
fbem-248	92	5	countries	country	NOUN
fbem-248	92	6	are	be	AUX
fbem-248	92	7	at	at	ADP
fbem-248	92	8	the	the	DET
fbem-248	92	9	stage	stage	NOUN
fbem-248	92	10	of	of	ADP
fbem-248	92	11	exploring	explore	VERB
fbem-248	92	12	whether	whether	SCONJ
fbem-248	92	13	to	to	PART
fbem-248	92	14	use	use	VERB
fbem-248	92	15	blockchain	blockchain	PROPN
fbem-248	92	16	technology	technology	NOUN
fbem-248	92	17	,	,	PUNCT
fbem-248	92	18	main	main	ADJ
fbem-248	92	19	application	application	NOUN
fbem-248	92	20	scenarios	scenario	NOUN
fbem-248	92	21	,	,	PUNCT
fbem-248	92	22	wallet	wallet	NOUN
fbem-248	92	23	use	use	VERB
fbem-248	92	24	rules	rule	NOUN
fbem-248	92	25	,	,	PUNCT
fbem-248	92	26	transfer	transfer	NOUN
fbem-248	92	27	and	and	CCONJ
fbem-248	92	28	storage	storage	NOUN
fbem-248	92	29	limits	limit	NOUN
fbem-248	92	30	,	,	PUNCT
fbem-248	92	31	and	and	CCONJ
fbem-248	92	32	the	the	DET
fbem-248	92	33	choice	choice	NOUN
fbem-248	92	34	of	of	ADP
fbem-248	92	35	accounting	accounting	NOUN
fbem-248	92	36	mode	mode	NOUN
fbem-248	92	37	(	(	PUNCT
fbem-248	92	38	account	account	NOUN
fbem-248	92	39	based	base	VERB
fbem-248	92	40	or	or	CCONJ
fbem-248	92	41	voucher	voucher	ADV
fbem-248	92	42	based	base	VERB
fbem-248	92	43	accounting	accounting	NOUN
fbem-248	92	44	)	)	PUNCT
fbem-248	92	45	.	.	PUNCT
fbem-248	93	1	in	in	ADP
fbem-248	93	2	addition	addition	NOUN
fbem-248	93	3	,	,	PUNCT
fbem-248	93	4	from	from	ADP
fbem-248	93	5	the	the	DET
fbem-248	93	6	perspective	perspective	NOUN
fbem-248	93	7	of	of	ADP
fbem-248	93	8	the	the	DET
fbem-248	93	9	central	central	PROPN
fbem-248	93	10	bank	bank	NOUN
fbem-248	93	11	's	's	PART
fbem-248	93	12	digital	digital	ADJ
fbem-248	93	13	currency	currency	NOUN
fbem-248	93	14	scheme	scheme	NOUN
fbem-248	93	15	published	publish	VERB
fbem-248	93	16	all	all	ADV
fbem-248	93	17	over	over	ADP
fbem-248	93	18	the	the	DET
fbem-248	93	19	world	world	NOUN
fbem-248	93	20	,	,	PUNCT
fbem-248	93	21	monetary	monetary	ADJ
fbem-248	93	22	sovereignty	sovereignty	NOUN
fbem-248	93	23	is	be	AUX
fbem-248	93	24	the	the	DET
fbem-248	93	25	primary	primary	ADJ
fbem-248	93	26	issue	issue	NOUN
fbem-248	93	27	considered	consider	VERB
fbem-248	93	28	by	by	ADP
fbem-248	93	29	countries	country	NOUN
fbem-248	93	30	in	in	ADP
fbem-248	93	31	the	the	DET
fbem-248	93	32	design	design	NOUN
fbem-248	93	33	of	of	ADP
fbem-248	93	34	digital	digital	ADJ
fbem-248	93	35	currency	currency	NOUN
fbem-248	93	36	,	,	PUNCT
fbem-248	93	37	which	which	PRON
fbem-248	93	38	makes	make	VERB
fbem-248	93	39	countries	country	NOUN
fbem-248	93	40	very	very	ADV
fbem-248	93	41	cautious	cautious	ADJ
fbem-248	93	42	about	about	ADP
fbem-248	93	43	international	international	ADJ
fbem-248	93	44	cooperation	cooperation	NOUN
fbem-248	93	45	in	in	ADP
fbem-248	93	46	digital	digital	ADJ
fbem-248	93	47	currency	currency	NOUN
fbem-248	93	48	.	.	PUNCT
fbem-248	94	1	on	on	ADP
fbem-248	94	2	the	the	DET
fbem-248	94	3	issue	issue	NOUN
fbem-248	94	4	of	of	ADP
fbem-248	94	5	currency	currency	NOUN
fbem-248	94	6	sovereignty	sovereignty	NOUN
fbem-248	94	7	,	,	PUNCT
fbem-248	94	8	countries	country	NOUN
fbem-248	94	9	have	have	AUX
fbem-248	94	10	not	not	PART
fbem-248	94	11	reached	reach	VERB
fbem-248	94	12	a	a	DET
fbem-248	94	13	relatively	relatively	ADV
fbem-248	94	14	unified	unified	ADJ
fbem-248	94	15	understanding	understanding	NOUN
fbem-248	94	16	on	on	ADP
fbem-248	94	17	the	the	DET
fbem-248	94	18	cross	cross	ADJ
fbem-248	94	19	-	-	ADJ
fbem-248	94	20	border	border	ADJ
fbem-248	94	21	transactions	transaction	NOUN
fbem-248	94	22	of	of	ADP
fbem-248	94	23	digital	digital	ADJ
fbem-248	94	24	currency	currency	NOUN
fbem-248	94	25	payment	payment	NOUN
fbem-248	94	26	by	by	ADP
fbem-248	94	27	central	central	ADJ
fbem-248	94	28	banks	bank	NOUN
fbem-248	94	29	and	and	CCONJ
fbem-248	94	30	the	the	DET
fbem-248	94	31	construction	construction	NOUN
fbem-248	94	32	of	of	ADP
fbem-248	94	33	relevant	relevant	ADJ
fbem-248	94	34	clearing	clearing	NOUN
fbem-248	94	35	systems	system	NOUN
fbem-248	94	36	;	;	PUNCT
fbem-248	94	37	in	in	ADP
fbem-248	94	38	addition	addition	NOUN
fbem-248	94	39	,	,	PUNCT
fbem-248	94	40	the	the	DET
fbem-248	94	41	issue	issue	NOUN
fbem-248	94	42	of	of	ADP
fbem-248	94	43	digital	digital	ADJ
fbem-248	94	44	currency	currency	NOUN
fbem-248	94	45	is	be	AUX
fbem-248	94	46	essentially	essentially	ADV
fbem-248	94	47	different	different	ADJ
fbem-248	94	48	from	from	ADP
fbem-248	94	49	the	the	DET
fbem-248	94	50	printing	printing	NOUN
fbem-248	94	51	of	of	ADP
fbem-248	94	52	banknotes	banknote	NOUN
fbem-248	94	53	.	.	PUNCT
fbem-248	95	1	in	in	ADP
fbem-248	95	2	the	the	DET
fbem-248	95	3	era	era	NOUN
fbem-248	95	4	of	of	ADP
fbem-248	95	5	paper	paper	NOUN
fbem-248	95	6	money	money	NOUN
fbem-248	95	7	,	,	PUNCT
fbem-248	95	8	even	even	ADV
fbem-248	95	9	if	if	SCONJ
fbem-248	95	10	a	a	DET
fbem-248	95	11	country	country	NOUN
fbem-248	95	12	's	's	PART
fbem-248	95	13	money	money	NOUN
fbem-248	95	14	printing	printing	NOUN
fbem-248	95	15	machine	machine	NOUN
fbem-248	95	16	is	be	AUX
fbem-248	95	17	imported	import	VERB
fbem-248	95	18	from	from	ADP
fbem-248	95	19	abroad	abroad	ADV
fbem-248	95	20	,	,	PUNCT
fbem-248	95	21	it	it	PRON
fbem-248	95	22	can	can	AUX
fbem-248	95	23	be	be	AUX
fbem-248	95	24	relatively	relatively	ADV
fbem-248	95	25	independent	independent	ADJ
fbem-248	95	26	and	and	CCONJ
fbem-248	95	27	controllable	controllable	ADJ
fbem-248	95	28	.	.	PUNCT
fbem-248	96	1	however	however	ADV
fbem-248	96	2	,	,	PUNCT
fbem-248	96	3	the	the	DET
fbem-248	96	4	digital	digital	ADJ
fbem-248	96	5	currency	currency	NOUN
fbem-248	96	6	era	era	NOUN
fbem-248	96	7	is	be	AUX
fbem-248	96	8	different	different	ADJ
fbem-248	96	9	.	.	PUNCT
fbem-248	97	1	at	at	ADP
fbem-248	97	2	present	present	ADJ
fbem-248	97	3	,	,	PUNCT
fbem-248	97	4	only	only	ADV
fbem-248	97	5	a	a	DET
fbem-248	97	6	few	few	ADJ
fbem-248	97	7	countries	country	NOUN
fbem-248	97	8	in	in	ADP
fbem-248	97	9	the	the	DET
fbem-248	97	10	world	world	NOUN
fbem-248	97	11	have	have	VERB
fbem-248	97	12	sufficient	sufficient	ADJ
fbem-248	97	13	financial	financial	ADJ
fbem-248	97	14	and	and	CCONJ
fbem-248	97	15	technological	technological	ADJ
fbem-248	97	16	strength	strength	NOUN
fbem-248	97	17	to	to	PART
fbem-248	97	18	independently	independently	ADV
fbem-248	97	19	support	support	VERB
fbem-248	97	20	the	the	DET
fbem-248	97	21	operation	operation	NOUN
fbem-248	97	22	of	of	ADP
fbem-248	97	23	their	their	PRON
fbem-248	97	24	sovereign	sovereign	ADJ
fbem-248	97	25	digital	digital	ADJ
fbem-248	97	26	currency	currency	NOUN
fbem-248	97	27	system	system	NOUN
fbem-248	97	28	.	.	PUNCT
fbem-248	98	1	if	if	SCONJ
fbem-248	98	2	most	most	ADJ
fbem-248	98	3	countries	country	NOUN
fbem-248	98	4	want	want	VERB
fbem-248	98	5	to	to	PART
fbem-248	98	6	issue	issue	VERB
fbem-248	98	7	sovereign	sovereign	ADJ
fbem-248	98	8	digital	digital	ADJ
fbem-248	98	9	currency	currency	NOUN
fbem-248	98	10	,	,	PUNCT
fbem-248	98	11	they	they	PRON
fbem-248	98	12	need	need	VERB
fbem-248	98	13	to	to	PART
fbem-248	98	14	import	import	VERB
fbem-248	98	15	the	the	DET
fbem-248	98	16	financial	financial	ADJ
fbem-248	98	17	technology	technology	NOUN
fbem-248	98	18	support	support	NOUN
fbem-248	98	19	system	system	NOUN
fbem-248	98	20	of	of	ADP
fbem-248	98	21	other	other	ADJ
fbem-248	98	22	countries	country	NOUN
fbem-248	98	23	.	.	PUNCT
fbem-248	99	1	behind	behind	ADP
fbem-248	99	2	this	this	PRON
fbem-248	99	3	is	be	AUX
fbem-248	99	4	not	not	PART
fbem-248	99	5	only	only	ADV
fbem-248	99	6	the	the	DET
fbem-248	99	7	dependence	dependence	NOUN
fbem-248	99	8	on	on	ADP
fbem-248	99	9	hardware	hardware	NOUN
fbem-248	99	10	,	,	PUNCT
fbem-248	99	11	but	but	CCONJ
fbem-248	99	12	also	also	ADV
fbem-248	99	13	the	the	DET
fbem-248	99	14	implantation	implantation	NOUN
fbem-248	99	15	of	of	ADP
fbem-248	99	16	complex	complex	ADJ
fbem-248	99	17	monetary	monetary	ADJ
fbem-248	99	18	algorithm	algorithm	NOUN
fbem-248	99	19	system	system	NOUN
fbem-248	99	20	,	,	PUNCT
fbem-248	99	21	which	which	PRON
fbem-248	99	22	has	have	VERB
fbem-248	99	23	a	a	DET
fbem-248	99	24	huge	huge	ADJ
fbem-248	99	25	risk	risk	NOUN
fbem-248	99	26	of	of	ADP
fbem-248	99	27	losing	lose	VERB
fbem-248	99	28	monetary	monetary	ADJ
fbem-248	99	29	sovereignty	sovereignty	NOUN
fbem-248	99	30	.	.	PUNCT
fbem-248	100	1	as	as	ADP
fbem-248	100	2	china	china	PROPN
fbem-248	100	3	's	's	PART
fbem-248	100	4	legal	legal	ADJ
fbem-248	100	5	tender	tender	NOUN
fbem-248	100	6	in	in	ADP
fbem-248	100	7	the	the	DET
fbem-248	100	8	future	future	NOUN
fbem-248	100	9	,	,	PUNCT
fbem-248	100	10	the	the	DET
fbem-248	100	11	internationalization	internationalization	NOUN
fbem-248	100	12	of	of	ADP
fbem-248	100	13	digital	digital	ADJ
fbem-248	100	14	rmb	rmb	NOUN
fbem-248	100	15	will	will	AUX
fbem-248	100	16	fully	fully	ADV
fbem-248	100	17	respect	respect	VERB
fbem-248	100	18	the	the	DET
fbem-248	100	19	relevant	relevant	ADJ
fbem-248	100	20	systems	system	NOUN
fbem-248	100	21	of	of	ADP
fbem-248	100	22	other	other	ADJ
fbem-248	100	23	countries	country	NOUN
fbem-248	100	24	,	,	PUNCT
fbem-248	100	25	establish	establish	VERB
fbem-248	100	26	a	a	DET
fbem-248	100	27	win	win	NOUN
fbem-248	100	28	-	-	PUNCT
fbem-248	100	29	win	win	NOUN
fbem-248	100	30	and	and	CCONJ
fbem-248	100	31	win	win	NOUN
fbem-248	100	32	-	-	PUNCT
fbem-248	100	33	win	win	NOUN
fbem-248	100	34	cross	cross	ADJ
fbem-248	100	35	-	-	ADJ
fbem-248	100	36	border	border	ADJ
fbem-248	100	37	circulation	circulation	NOUN
fbem-248	100	38	mechanism	mechanism	NOUN
fbem-248	100	39	with	with	ADP
fbem-248	100	40	other	other	ADJ
fbem-248	100	41	countries	country	NOUN
fbem-248	100	42	,	,	PUNCT
fbem-248	100	43	and	and	CCONJ
fbem-248	100	44	jointly	jointly	ADV
fbem-248	100	45	improve	improve	VERB
fbem-248	100	46	the	the	DET
fbem-248	100	47	relevant	relevant	ADJ
fbem-248	100	48	use	use	NOUN
fbem-248	100	49	rules	rule	NOUN
fbem-248	100	50	with	with	ADP
fbem-248	100	51	other	other	ADJ
fbem-248	100	52	countries	country	NOUN
fbem-248	100	53	on	on	ADP
fbem-248	100	54	the	the	DET
fbem-248	100	55	basis	basis	NOUN
fbem-248	100	56	of	of	ADP
fbem-248	100	57	equality	equality	NOUN
fbem-248	100	58	and	and	CCONJ
fbem-248	100	59	mutual	mutual	ADJ
fbem-248	100	60	benefit	benefit	NOUN
fbem-248	100	61	.	.	PUNCT
fbem-248	101	1	due	due	ADP
fbem-248	101	2	to	to	ADP
fbem-248	101	3	the	the	DET
fbem-248	101	4	accuracy	accuracy	NOUN
fbem-248	101	5	of	of	ADP
fbem-248	101	6	the	the	DET
fbem-248	101	7	use	use	NOUN
fbem-248	101	8	of	of	ADP
fbem-248	101	9	digital	digital	ADJ
fbem-248	101	10	rmb	rmb	NOUN
fbem-248	101	11	,	,	PUNCT
fbem-248	101	12	the	the	DET
fbem-248	101	13	trading	trading	NOUN
fbem-248	101	14	mode	mode	NOUN
fbem-248	101	15	that	that	PRON
fbem-248	101	16	damages	damage	VERB
fbem-248	101	17	the	the	DET
fbem-248	101	18	interests	interest	NOUN
fbem-248	101	19	of	of	ADP
fbem-248	101	20	any	any	DET
fbem-248	101	21	party	party	NOUN
fbem-248	101	22	can	can	AUX
fbem-248	101	23	be	be	AUX
fbem-248	101	24	timely	timely	ADV
fbem-248	101	25	and	and	CCONJ
fbem-248	101	26	effectively	effectively	ADV
fbem-248	101	27	stopped	stop	VERB
fbem-248	101	28	in	in	ADP
fbem-248	101	29	theory	theory	NOUN
fbem-248	101	30	.	.	PUNCT
fbem-248	102	1	therefore	therefore	ADV
fbem-248	102	2	,	,	PUNCT
fbem-248	102	3	with	with	ADP
fbem-248	102	4	the	the	DET
fbem-248	102	5	continuous	continuous	ADJ
fbem-248	102	6	enhancement	enhancement	NOUN
fbem-248	102	7	of	of	ADP
fbem-248	102	8	china	china	PROPN
fbem-248	102	9	's	's	PART
fbem-248	102	10	national	national	ADJ
fbem-248	102	11	strength	strength	NOUN
fbem-248	102	12	and	and	CCONJ
fbem-248	102	13	the	the	DET
fbem-248	102	14	continuous	continuous	ADJ
fbem-248	102	15	consolidation	consolidation	NOUN
fbem-248	102	16	of	of	ADP
fbem-248	102	17	international	international	ADJ
fbem-248	102	18	credit	credit	NOUN
fbem-248	102	19	,	,	PUNCT
fbem-248	102	20	the	the	DET
fbem-248	102	21	international	international	ADJ
fbem-248	102	22	circulation	circulation	NOUN
fbem-248	102	23	of	of	ADP
fbem-248	102	24	digital	digital	ADJ
fbem-248	102	25	rmb	rmb	NOUN
fbem-248	102	26	will	will	AUX
fbem-248	102	27	be	be	AUX
fbem-248	102	28	more	more	ADV
fbem-248	102	29	popular	popular	ADJ
fbem-248	102	30	in	in	ADP
fbem-248	102	31	other	other	ADJ
fbem-248	102	32	countries	country	NOUN
fbem-248	102	33	,	,	PUNCT
fbem-248	102	34	and	and	CCONJ
fbem-248	102	35	may	may	AUX
fbem-248	102	36	even	even	ADV
fbem-248	102	37	become	become	VERB
fbem-248	102	38	one	one	NUM
fbem-248	102	39	of	of	ADP
fbem-248	102	40	the	the	DET
fbem-248	102	41	most	most	ADV
fbem-248	102	42	important	important	ADJ
fbem-248	102	43	international	international	ADJ
fbem-248	102	44	circulation	circulation	NOUN
fbem-248	102	45	currencies	currency	NOUN
fbem-248	102	46	in	in	ADP
fbem-248	102	47	the	the	DET
fbem-248	102	48	near	near	ADJ
fbem-248	102	49	future	future	NOUN
fbem-248	102	50	.	.	PUNCT
fbem-248	103	1	in	in	ADP
fbem-248	103	2	conclusion	conclusion	NOUN
fbem-248	103	3	,	,	PUNCT
fbem-248	103	4	during	during	ADP
fbem-248	103	5	the	the	DET
fbem-248	103	6	construction	construction	NOUN
fbem-248	103	7	of	of	ADP
fbem-248	103	8	the	the	DET
fbem-248	103	9	new	new	ADJ
fbem-248	103	10	digital	digital	PROPN
fbem-248	103	11	rmb	rmb	PROPN
fbem-248	103	12	cross	cross	ADJ
fbem-248	103	13	-	-	ADJ
fbem-248	103	14	border	border	ADJ
fbem-248	103	15	payment	payment	NOUN
fbem-248	103	16	and	and	CCONJ
fbem-248	103	17	settlement	settlement	NOUN
fbem-248	103	18	system	system	NOUN
fbem-248	103	19	,	,	PUNCT
fbem-248	103	20	all	all	DET
fbem-248	103	21	participants	participant	NOUN
fbem-248	103	22	must	must	AUX
fbem-248	103	23	always	always	ADV
fbem-248	103	24	focus	focus	VERB
fbem-248	103	25	on	on	ADP
fbem-248	103	26	their	their	PRON
fbem-248	103	27	ultimate	ultimate	ADJ
fbem-248	103	28	goal	goal	NOUN
fbem-248	103	29	:	:	PUNCT
fbem-248	103	30	give	give	VERB
fbem-248	103	31	full	full	ADJ
fbem-248	103	32	play	play	NOUN
fbem-248	103	33	to	to	ADP
fbem-248	103	34	the	the	DET
fbem-248	103	35	leading	lead	VERB
fbem-248	103	36	advantages	advantage	NOUN
fbem-248	103	37	of	of	ADP
fbem-248	103	38	digital	digital	ADJ
fbem-248	103	39	rmb	rmb	NOUN
fbem-248	103	40	(	(	PUNCT
fbem-248	103	41	dc	dc	PROPN
fbem-248	103	42	/	/	SYM
fbem-248	103	43	ep	ep	PROPN
fbem-248	103	44	)	)	PUNCT
fbem-248	103	45	and	and	CCONJ
fbem-248	103	46	focus	focus	VERB
fbem-248	103	47	on	on	ADP
fbem-248	103	48	serving	serve	VERB
fbem-248	103	49	specific	specific	ADJ
fbem-248	103	50	industries	industry	NOUN
fbem-248	103	51	and	and	CCONJ
fbem-248	103	52	key	key	ADJ
fbem-248	103	53	enterprises	enterprise	NOUN
fbem-248	103	54	subject	subject	ADJ
fbem-248	103	55	to	to	ADP
fbem-248	103	56	u.s	u.s	PROPN
fbem-248	103	57	.	.	PROPN
fbem-248	103	58	financial	financial	ADJ
fbem-248	103	59	sanctions	sanction	NOUN
fbem-248	103	60	,	,	PUNCT
fbem-248	103	61	build	build	VERB
fbem-248	103	62	a	a	DET
fbem-248	103	63	chinese	chinese	ADJ
fbem-248	103	64	version	version	NOUN
fbem-248	103	65	of	of	ADP
fbem-248	103	66	the	the	DET
fbem-248	103	67	"	"	PUNCT
fbem-248	103	68	spare	spare	ADJ
fbem-248	103	69	tire	tire	NOUN
fbem-248	103	70	"	"	PUNCT
fbem-248	103	71	plan	plan	NOUN
fbem-248	103	72	under	under	ADP
fbem-248	103	73	the	the	DET
fbem-248	103	74	financial	financial	ADJ
fbem-248	103	75	blockade	blockade	NOUN
fbem-248	103	76	a	a	DET
fbem-248	103	77	new	new	ADJ
fbem-248	103	78	multi	multi	ADJ
fbem-248	103	79	-	-	ADJ
fbem-248	103	80	level	level	ADJ
fbem-248	103	81	marketoriented	marketoriente	VERB
fbem-248	103	82	cross	cross	ADJ
fbem-248	103	83	-	-	ADJ
fbem-248	103	84	border	border	ADJ
fbem-248	103	85	payment	payment	NOUN
fbem-248	103	86	and	and	CCONJ
fbem-248	103	87	settlement	settlement	NOUN
fbem-248	103	88	platform	platform	NOUN
fbem-248	103	89	with	with	ADP
fbem-248	103	90	digital	digital	ADJ
fbem-248	103	91	rmb	rmb	NOUN
fbem-248	103	92	as	as	SCONJ
fbem-248	103	93	the	the	DET
fbem-248	103	94	medium	medium	ADJ
fbem-248	103	95	and	and	CCONJ
fbem-248	103	96	pricing	pricing	NOUN
fbem-248	103	97	currency	currency	NOUN
fbem-248	103	98	to	to	PART
fbem-248	103	99	maintain	maintain	VERB
fbem-248	103	100	china	china	PROPN
fbem-248	103	101	's	's	PART
fbem-248	103	102	financial	financial	ADJ
fbem-248	103	103	security	security	NOUN
fbem-248	103	104	.	.	PUNCT
fbem-248	104	1	acknowledgment	acknowledgment	NOUN
fbem-248	104	2	this	this	DET
fbem-248	104	3	work	work	NOUN
fbem-248	104	4	was	be	AUX
fbem-248	104	5	financially	financially	ADV
fbem-248	104	6	supported	support	VERB
fbem-248	104	7	by	by	ADP
fbem-248	104	8	the	the	DET
fbem-248	104	9	innovation	innovation	NOUN
fbem-248	104	10	and	and	CCONJ
fbem-248	104	11	entrepreneurship	entrepreneurship	NOUN
fbem-248	104	12	training	training	NOUN
fbem-248	104	13	program	program	NOUN
fbem-248	104	14	for	for	ADP
fbem-248	104	15	college	college	NOUN
fbem-248	104	16	students	student	NOUN
fbem-248	104	17	of	of	ADP
fbem-248	104	18	anhui	anhui	PROPN
fbem-248	104	19	university	university	PROPN
fbem-248	104	20	of	of	ADP
fbem-248	104	21	finance	finance	NOUN
fbem-248	104	22	and	and	CCONJ
fbem-248	104	23	economics	economic	NOUN
fbem-248	104	24	,	,	PUNCT
fbem-248	104	25	"	"	PUNCT
fbem-248	104	26	financial	financial	ADJ
fbem-248	104	27	innovation	innovation	NOUN
fbem-248	104	28	in	in	ADP
fbem-248	104	29	the	the	DET
fbem-248	104	30	field	field	NOUN
fbem-248	104	31	of	of	ADP
fbem-248	104	32	rmb	rmb	NOUN
fbem-248	104	33	internationalization	internationalization	NOUN
fbem-248	104	34	"	"	PUNCT
fbem-248	104	35	(	(	PUNCT
fbem-248	104	36	202110378008	202110378008	NUM
fbem-248	104	37	)	)	PUNCT
fbem-248	104	38	.	.	PUNCT
fbem-248	105	1	references	reference	NOUN
fbem-248	105	2	[	[	X
fbem-248	105	3	1	1	NUM
fbem-248	105	4	]	]	X
fbem-248	105	5	bank	bank	NOUN
fbem-248	105	6	of	of	ADP
fbem-248	105	7	canada	canada	PROPN
fbem-248	105	8	(	(	PUNCT
fbem-248	105	9	boc),bank	boc),bank	PROPN
fbem-248	105	10	of	of	ADP
fbem-248	105	11	england(boe)and	england(boe)and	NOUN
fbem-248	105	12	monetary	monetary	ADJ
fbem-248	105	13	authority	authority	NOUN
fbem-248	105	14	of	of	ADP
fbem-248	105	15	singapore(mas),2018	singapore(mas),2018	PROPN
fbem-248	105	16	.	.	PUNCT
fbem-248	106	1	cross	cross	ADJ
fbem-248	106	2	-	-	ADJ
fbem-248	106	3	border	border	ADJ
fbem-248	106	4	interbank	interbank	NOUN
fbem-248	106	5	payments	payment	NOUN
fbem-248	106	6	and	and	CCONJ
fbem-248	106	7	settlements	settlement	NOUN
fbem-248	106	8	:	:	PUNCT
fbem-248	106	9	emerging	emerge	VERB
fbem-248	106	10	opportunities	opportunity	NOUN
fbem-248	106	11	for	for	ADP
fbem-248	106	12	digital	digital	ADJ
fbem-248	106	13	transformation	transformation	NOUN
fbem-248	106	14	.	.	PUNCT
fbem-248	107	1	november	november	PROPN
fbem-248	107	2	2018	2018	NUM
fbem-248	107	3	.	.	PUNCT
fbem-248	108	1	[	[	X
fbem-248	108	2	2	2	NUM
fbem-248	108	3	]	]	SYM
fbem-248	108	4	barontini	barontini	NOUN
fbem-248	108	5	,	,	PUNCT
fbem-248	108	6	c.	c.	NOUN
fbem-248	108	7	,	,	PUNCT
fbem-248	108	8	and	and	CCONJ
fbem-248	108	9	holden	holden	PROPN
fbem-248	108	10	,	,	PUNCT
fbem-248	108	11	h.	h.	PROPN
fbem-248	108	12	,2019	,2019	PUNCT
fbem-248	108	13	.	.	PUNCT
fbem-248	109	1	proceeding	proceed	VERB
fbem-248	109	2	with	with	ADP
fbem-248	109	3	caution	caution	NOUN
fbem-248	109	4	-	-	PUNCT
fbem-248	109	5	a	a	DET
fbem-248	109	6	survey	survey	NOUN
fbem-248	109	7	on	on	ADP
fbem-248	109	8	central	central	ADJ
fbem-248	109	9	bank	bank	NOUN
fbem-248	109	10	digital	digital	ADJ
fbem-248	109	11	currency	currency	NOUN
fbem-248	109	12	.	.	PUNCT
fbem-248	110	1	bis	bis	PROPN
fbem-248	110	2	papers	paper	NOUN
fbem-248	110	3	no.101	no.101	PROPN
fbem-248	110	4	,	,	PUNCT
fbem-248	110	5	monetary	monetary	ADJ
fbem-248	110	6	and	and	CCONJ
fbem-248	110	7	economic	economic	ADJ
fbem-248	110	8	department	department	NOUN
fbem-248	110	9	,	,	PUNCT
fbem-248	110	10	january	january	PROPN
fbem-248	110	11	2019	2019	NUM
fbem-248	110	12	.	.	PUNCT
fbem-248	111	1	[	[	X
fbem-248	111	2	3	3	NUM
fbem-248	111	3	]	]	X
fbem-248	111	4	committee	committee	NOUN
fbem-248	111	5	on	on	ADP
fbem-248	111	6	payments	payment	NOUN
fbem-248	111	7	and	and	CCONJ
fbem-248	111	8	market	market	NOUN
fbem-248	111	9	infrastructures	infrastructure	NOUN
fbem-248	111	10	(	(	PUNCT
fbem-248	111	11	cpmi),2015	cpmi),2015	PROPN
fbem-248	111	12	.	.	PUNCT
fbem-248	112	1	digital	digital	ADJ
fbem-248	112	2	currencies	currency	NOUN
fbem-248	112	3	.	.	PUNCT
fbem-248	113	1	cpmi	cpmi	PROPN
fbem-248	113	2	,	,	PUNCT
fbem-248	113	3	november	november	PROPN
fbem-248	113	4	2015	2015	NUM
fbem-248	113	5	.	.	PUNCT
fbem-248	114	1	[	[	X
fbem-248	114	2	4	4	NUM
fbem-248	114	3	]	]	X
fbem-248	114	4	committee	committee	NOUN
fbem-248	114	5	on	on	ADP
fbem-248	114	6	payments	payment	NOUN
fbem-248	114	7	and	and	CCONJ
fbem-248	114	8	market	market	NOUN
fbem-248	114	9	infrastructures	infrastructure	NOUN
fbem-248	114	10	(	(	PUNCT
fbem-248	114	11	cpmi),2017	cpmi),2017	X
fbem-248	114	12	.	.	NOUN
fbem-248	114	13	distributed	distribute	VERB
fbem-248	114	14	ledger	ledger	NOUN
fbem-248	114	15	technology	technology	NOUN
fbem-248	114	16	in	in	ADP
fbem-248	114	17	payment	payment	NOUN
fbem-248	114	18	,	,	PUNCT
fbem-248	114	19	clearing	clearing	NOUN
fbem-248	114	20	and	and	CCONJ
fbem-248	114	21	settlement	settlement	NOUN
fbem-248	114	22	:	:	PUNCT
fbem-248	114	23	an	an	DET
fbem-248	114	24	analytical	analytical	ADJ
fbem-248	114	25	framework	framework	NOUN
fbem-248	114	26	.	.	PUNCT
fbem-248	115	1	cpmi	cpmi	PROPN
fbem-248	115	2	,	,	PUNCT
fbem-248	115	3	february	february	PROPN
fbem-248	115	4	2017.huo	2017.huo	PROPN
fbem-248	115	5	jing	jing	PROPN
fbem-248	115	6	,	,	PUNCT
fbem-248	115	7	wang	wang	PROPN
fbem-248	115	8	xiaoguang	xiaoguang	PROPN
fbem-248	115	9	development	development	PROPN
fbem-248	115	10	status	status	NOUN
fbem-248	115	11	and	and	CCONJ
fbem-248	115	12	improvement	improvement	NOUN
fbem-248	115	13	measures	measure	NOUN
fbem-248	115	14	of	of	ADP
fbem-248	115	15	ecological	ecological	ADJ
fbem-248	115	16	sightseeing	sightseeing	NOUN
fbem-248	115	17	agricultural	agricultural	ADJ
fbem-248	115	18	economy	economy	NOUN
fbem-248	115	19	in	in	ADP
fbem-248	115	20	china	china	PROPN
fbem-248	116	1	[	[	X
fbem-248	116	2	j	j	X
fbem-248	116	3	]	]	X
fbem-248	116	4	jilin	jilin	PROPN
fbem-248	116	5	agriculture	agriculture	PROPN
fbem-248	116	6	,	,	PUNCT
fbem-248	116	7	2019	2019	NUM
fbem-248	116	8	(	(	PUNCT
fbem-248	116	9	09	09	NUM
fbem-248	116	10	):	):	PUNCT
fbem-248	116	11	34	34	NUM
fbem-248	117	1	[	[	X
fbem-248	117	2	5	5	NUM
fbem-248	117	3	]	]	PUNCT
fbem-248	117	4	farrell	farrell	PROPN
fbem-248	117	5	,	,	PUNCT
fbem-248	117	6	h.	h.	PROPN
fbem-248	117	7	,	,	PUNCT
fbem-248	117	8	and	and	CCONJ
fbem-248	117	9	newman	newman	PROPN
fbem-248	117	10	,	,	PUNCT
fbem-248	117	11	a.l	a.l	PROPN
fbem-248	117	12	.	.	PROPN
fbem-248	117	13	,2019	,2019	PROPN
fbem-248	117	14	.	.	PUNCT
fbem-248	118	1	weaponized	weaponize	VERB
fbem-248	118	2	interdependence	interdependence	NOUN
fbem-248	118	3	:	:	PUNCT
fbem-248	118	4	how	how	SCONJ
fbem-248	118	5	global	global	ADJ
fbem-248	118	6	economic	economic	ADJ
fbem-248	118	7	networks	network	NOUN
fbem-248	118	8	shape	shape	VERB
fbem-248	118	9	state	state	NOUN
fbem-248	118	10	coercion	coercion	NOUN
fbem-248	118	11	.	.	PUNCT
fbem-248	119	1	international	international	ADJ
fbem-248	119	2	security	security	NOUN
fbem-248	119	3	,	,	PUNCT
fbem-248	119	4	44(1	44(1	PROPN
fbem-248	119	5	):	):	PUNCT
fbem-248	119	6	42	42	NUM
fbem-248	119	7	-	-	SYM
fbem-248	119	8	79	79	NUM
fbem-248	119	9	.	.	PUNCT
fbem-248	120	1	[	[	X
fbem-248	120	2	6	6	NUM
fbem-248	120	3	]	]	PUNCT
fbem-248	120	4	financial	financial	ADJ
fbem-248	120	5	stability	stability	NOUN
fbem-248	120	6	board	board	NOUN
fbem-248	120	7	(	(	PUNCT
fbem-248	120	8	fsb	fsb	NOUN
fbem-248	120	9	)	)	PUNCT
fbem-248	120	10	,	,	PUNCT
fbem-248	120	11	2020	2020	NUM
fbem-248	120	12	.	.	PUNCT
fbem-248	121	1	addressing	address	VERB
fbem-248	121	2	the	the	DET
fbem-248	121	3	regulatory	regulatory	ADJ
fbem-248	121	4	,	,	PUNCT
fbem-248	121	5	supervisory	supervisory	ADJ
fbem-248	121	6	and	and	CCONJ
fbem-248	121	7	oversight	oversight	NOUN
fbem-248	121	8	challenges	challenge	NOUN
fbem-248	121	9	raised	raise	VERB
fbem-248	121	10	by	by	ADP
fbem-248	121	11	“	"	PUNCT
fbem-248	121	12	global	global	ADJ
fbem-248	121	13	stable	stable	ADJ
fbem-248	121	14	coin	coin	NOUN
fbem-248	121	15	”	"	PUNCT
fbem-248	121	16	arrangements	arrangement	NOUN
fbem-248	121	17	.	.	PUNCT
fbem-248	122	1	consultative	consultative	ADJ
fbem-248	122	2	document	document	NOUN
fbem-248	122	3	,	,	PUNCT
fbem-248	122	4	14	14	NUM
fbem-248	122	5	april	april	PROPN
fbem-248	122	6	2020	2020	NUM
fbem-248	122	7	.	.	PUNCT
fbem-248	123	1	[	[	X
fbem-248	123	2	7	7	X
fbem-248	123	3	]	]	X
fbem-248	123	4	goldman	goldman	NOUN
fbem-248	123	5	sachs,2014	sachs,2014	PROPN
fbem-248	123	6	.	.	PUNCT
fbem-248	124	1	all	all	ADV
fbem-248	124	2	about	about	ADP
fbem-248	124	3	bitcoin	bitcoin	NOUN
fbem-248	124	4	.	.	PUNCT
fbem-248	125	1	global	global	PROPN
fbem-248	125	2	macro	macro	PROPN
fbem-248	125	3	research	research	PROPN
fbem-248	125	4	top	top	NOUN
fbem-248	125	5	of	of	ADP
fbem-248	125	6	mind	mind	NOUN
fbem-248	125	7	,	,	PUNCT
fbem-248	125	8	march	march	PROPN
fbem-248	125	9	2014	2014	NUM
fbem-248	125	10	.	.	PUNCT
fbem-248	126	1	[	[	X
fbem-248	126	2	8	8	X
fbem-248	126	3	]	]	PUNCT
fbem-248	126	4	he	he	PRON
fbem-248	126	5	,	,	PUNCT
fbem-248	126	6	d.	d.	PROPN
fbem-248	126	7	,et	,et	PUNCT
fbem-248	126	8	al	al	PROPN
fbem-248	126	9	.	.	PROPN
fbem-248	126	10	,2017	,2017	PROPN
fbem-248	126	11	.	.	PUNCT
fbem-248	127	1	fintech	fintech	NOUN
fbem-248	127	2	and	and	CCONJ
fbem-248	127	3	financial	financial	ADJ
fbem-248	127	4	services	service	NOUN
fbem-248	127	5	:	:	PUNCT
fbem-248	127	6	initial	initial	ADJ
fbem-248	127	7	considerations	consideration	NOUN
fbem-248	127	8	.	.	PUNCT
fbem-248	128	1	imf	imf	PROPN
fbem-248	128	2	staff	staff	NOUN
fbem-248	128	3	discussion	discussion	NOUN
fbem-248	128	4	note	note	NOUN
fbem-248	128	5	(	(	PUNCT
fbem-248	128	6	sdn),june	sdn),june	PROPN
fbem-248	128	7	2017	2017	NUM
fbem-248	128	8	.	.	PUNCT
fbem-248	129	1	[	[	X
fbem-248	129	2	9	9	NUM
fbem-248	129	3	]	]	X
fbem-248	129	4	kiff	kiff	PROPN
fbem-248	129	5	,	,	PUNCT
fbem-248	129	6	j.	j.	PROPN
fbem-248	129	7	,	,	PUNCT
fbem-248	129	8	et	et	PROPN
fbem-248	129	9	al	al	PROPN
fbem-248	129	10	.	.	PROPN
fbem-248	129	11	,2019	,2019	PUNCT
fbem-248	129	12	.	.	PUNCT
fbem-248	130	1	focus	focus	PROPN
fbem-248	130	2	group	group	PROPN
fbem-248	130	3	technical	technical	PROPN
fbem-248	130	4	report	report	PROPN
fbem-248	130	5	:	:	PUNCT
fbem-248	130	6	reference	reference	NOUN
fbem-248	130	7	architecture	architecture	NOUN
fbem-248	130	8	and	and	CCONJ
fbem-248	130	9	use	use	VERB
fbem-248	130	10	cases	case	NOUN
fbem-248	130	11	report	report	NOUN
fbem-248	130	12	.	.	PUNCT
fbem-248	131	1	geneva	geneva	PROPN
fbem-248	131	2	,	,	PUNCT
fbem-248	131	3	the	the	DET
fbem-248	131	4	final	final	ADJ
fbem-248	131	5	meeting	meeting	NOUN
fbem-248	131	6	of	of	ADP
fbem-248	131	7	the	the	DET
fbem-248	131	8	itu	itu	PROPN
fbem-248	131	9	-	-	PUNCT
fbem-248	131	10	t	t	PROPN
fbem-248	131	11	focus	focus	NOUN
fbem-248	131	12	group	group	NOUN
fbem-248	131	13	digital	digital	ADJ
fbem-248	131	14	currency	currency	NOUN
fbem-248	131	15	including	include	VERB
fbem-248	131	16	digital	digital	ADJ
fbem-248	131	17	fiat	fiat	ADJ
fbem-248	131	18	currency	currency	NOUN
fbem-248	131	19	.	.	PUNCT
fbem-248	132	1	12	12	NUM
fbem-248	132	2	-	-	SYM
fbem-248	132	3	14	14	NUM
fbem-248	132	4	june	june	PROPN
fbem-248	132	5	2019	2019	NUM
fbem-248	132	6	.	.	PUNCT
fbem-248	133	1	[	[	X
fbem-248	133	2	10	10	NUM
fbem-248	133	3	]	]	X
fbem-248	133	4	kiff	kiff	PROPN
fbem-248	133	5	,	,	PUNCT
fbem-248	133	6	j.	j.	PROPN
fbem-248	133	7	,et	,et	PUNCT
fbem-248	133	8	al	al	PROPN
fbem-248	133	9	.	.	PROPN
fbem-248	133	10	,2020	,2020	PROPN
fbem-248	133	11	.	.	PUNCT
fbem-248	134	1	a	a	DET
fbem-248	134	2	survey	survey	NOUN
fbem-248	134	3	of	of	ADP
fbem-248	134	4	research	research	NOUN
fbem-248	134	5	on	on	ADP
fbem-248	134	6	retail	retail	ADJ
fbem-248	134	7	central	central	PROPN
fbem-248	134	8	bank	bank	PROPN
fbem-248	134	9	digital	digital	ADJ
fbem-248	134	10	currency	currency	NOUN
fbem-248	134	11	.	.	PUNCT
fbem-248	135	1	imf	imf	PROPN
fbem-248	135	2	working	working	PROPN
fbem-248	135	3	paper	paper	NOUN
fbem-248	135	4	,	,	PUNCT
fbem-248	135	5	wp/20/104	wp/20/104	PROPN
fbem-248	135	6	.	.	PUNCT
fbem-248	136	1	[	[	X
fbem-248	136	2	11	11	NUM
fbem-248	136	3	]	]	SYM
fbem-248	136	4	kirkby	kirkby	NOUN
fbem-248	136	5	,	,	PUNCT
fbem-248	136	6	r.	r.	PROPN
fbem-248	136	7	,2018	,2018	PUNCT
fbem-248	136	8	.	.	PUNCT
fbem-248	137	1	cryptocurrencies	cryptocurrencie	NOUN
fbem-248	137	2	and	and	CCONJ
fbem-248	137	3	digital	digital	ADJ
fbem-248	137	4	fiat	fiat	NOUN
fbem-248	137	5	currencies	currency	NOUN
fbem-248	137	6	.	.	PUNCT
fbem-248	138	1	the	the	DET
fbem-248	138	2	australian	australian	ADJ
fbem-248	138	3	economic	economic	ADJ
fbem-248	138	4	review,51(4	review,51(4	PROPN
fbem-248	138	5	):	):	PUNCT
fbem-248	138	6	527	527	NUM
fbem-248	138	7	-	-	SYM
fbem-248	138	8	539	539	NUM
fbem-248	138	9	.	.	PUNCT
fbem-248	139	1	[	[	X
fbem-248	139	2	12	12	NUM
fbem-248	139	3	]	]	X
fbem-248	139	4	shabsigh	shabsigh	NOUN
fbem-248	139	5	,	,	PUNCT
fbem-248	139	6	g.	g.	PROPN
fbem-248	139	7	,et	,et	PUNCT
fbem-248	139	8	al	al	PROPN
fbem-248	139	9	.	.	PROPN
fbem-248	139	10	,2020	,2020	PROPN
fbem-248	139	11	.	.	PUNCT
fbem-248	140	1	distributed	distribute	VERB
fbem-248	140	2	ledger	ledger	NOUN
fbem-248	140	3	technology	technology	NOUN
fbem-248	140	4	experiments	experiment	NOUN
fbem-248	140	5	in	in	ADP
fbem-248	140	6	payments	payment	NOUN
fbem-248	140	7	and	and	CCONJ
fbem-248	140	8	settlements	settlement	NOUN
fbem-248	140	9	,	,	PUNCT
fbem-248	140	10	imf	imf	PROPN
fbem-248	140	11	fintech	fintech	PROPN
fbem-248	140	12	note/20/01,june	note/20/01,june	PROPN
fbem-248	140	13	2020	2020	NUM
fbem-248	140	14	.	.	PUNCT