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Summary In recent years with the rapid development of digital technology, many countries around the world have devoted themselves to the wave of the discovery of central bank digital currencies (CBDC). China has abio seized the opportunity to research and develop E-CNY and actively carried out pilot work across the country, However, there are still some realistic problems such as the scale of the E-CNY pilot is not wide enough and users are not easy to develop the habit of using E-CNY. In this contest, it is meaningful to analyze the influencing factors and action paths of the acceptance and use of E-CNY from the perspective of comprehensive system characteristics for promoting the wide use of users and deepening the pilot work of E-CNY Based on UTAUT2 model, innovation diffusion theory and perceived risk theory, this paper constructs a research model of influencing factors for the acceptance and use of E-CNY, and obtains 1.976 data through questionnaire survey. First the structural equation (SEM) is used to verify the net effect of assumptions and variables measure performance expectations, effort expectations, social impact, convenience conditions, individual innovation positive impact acceptance willingness perception of risk negative impact acceptance willingness convenience conditions habits, acceptance willingness to positively affect the use behavior, acceptance willingness plays a significant mediating role in the effects of performance expectation effort expectation social influence and perceived risk on use behavior. Then, the fuzzy set qualitative comparative analysis method (IsQCA) is used to study the configuration paths that induce the high-frequency and low-frequency use behavior of E-CNY. The results show that the conditional external drive mode, experience focus mode, internal dominant mode, comprehensive action mode, personality impact mode and security tendency mode can realize the high-frequency use of E-CNY: environment missing mode and risk obstruction mode will lead to the low-frequency use of E-CNY. Compared with previous literature, this paper expands in the following three aspects, first, it adopts the method of SEM and BOCA to study the influencing factors and configuration Paths of the acceptance and use of E-CNY for the first time. Second, the influencing factors of acceptance willingness and me behavior of E-CNY as well as their mutual relationship are studied simultaneously. Third, the number of effective research data and cases reached 1976, which is a large sample in the analysis and research combined with SEM and fsQCA, having reference significance The research of this paper lays a theoretical foundation for currently accelerating the promotion and application of E CNY, and puts forward effective paths to promote the acceptance and use of E-CNY from the aspects of boosting the development of application scenarios and coological construction, enhancing user stickiness, cultivating citizens digital literacy, lifting user experience and utility, strengthening security and legislative supervision, and implementing publicity. [ABSTRACT FROM AUTHOR]

Recent years have witnessed a series of special rectification activities of Internet finance, which has successfully controlled the overall risk and improved the situation of disorderly development and ecological deterioration in the Internet finance industry. However, the task of preventing and defusing risks in the Internet finance sector remains arduous, and the regulatory system adapted to the characteristics of Internet finance needs to be improved. In this context, it is important to summarize and refine the experience, form rules and regulations, and establish a sound long-term mechanism for Internet financial regulation. As this is not only the basic requirement for preventing and defusing financial risks but also the reliable guarantee for building an inclusive financial system in China. However, existing literature has focused minimally on the evolution of China's Internet financial regulation, the formation of long-term mechanisms and its key influencing factors. This study constructs a tripartite evolutionary game model among Internet financial enterprises, analyzes the strategy choices between the stakeholders, dissects the dynamic evolution process of Internet financial regulation, explores the key factors that influence the formation of the permanent mechanism of Internet financial regulation, and adopts MATLAB software to conduct numerical simulations on the evolutionary trajectories of the three participants and their sensitivity to key parameters. Results show that:(1)there exist four evolutionary stable strategies, among which the Internet financial enterprises adopt “legal operation”, the consumers adopt “participating in regulation” and the financial regulators adopt “positive regulation” is the optimal evolutionary stable strategy;(2)the key factors influencing the participants' strategy choices have significant differences, the strategy choices of the Internet financial enterprises are mainly influenced by the costs of their “legal operation” strategy, the punishment of financial regulators to the Internet financial enterprises, and the consumers' reputation effect; the strategy choices of consumers are mainly influenced by the cost and reward of their “participating in regulation” strategy, and the cost of financial regulators to provide the access for consumers; the strategy choices of financial regulators is mainly influenced by the reward given to consumers and the enhancement of social credibility of “positive regulation”;(3)the dynamic game between the three participants makes the Internet financial regulation scheme in China have obvious stage characteristics, the permanent Internet financial regulation mechanism can be achieved by the formation of a mixed regulation situation with the continuous improvement of the financial regulators formal regulations and the perfection of reputation mechanism. The contributions of this study are threefold. First, this study includes consumers, an important stakeholder of Internet finance regulation, into the framework of evolutionary game analysis, which makes up for the lack of analysis of consumers' role in Internet financial regulation in previous studies; Second, this study analyzes the evolution path and stability of the three participants from the perspective of evolutionary game, thereby revealing the behavioral and strategic relationships among the participants, and exploring the dynamic evolution path of China's Internet financial regulation. Third, combined with the constraint conditions of the evolutionary stability strategy, this study discusses the influence of the key parameters, which provides a theoretical basis and decision-making reference for the construction of the permanent mechanism of China's Internet financial regulation. This study, to a certain extent, reveals the inherent logic of the phased changes in China's Internet financial regulation and identifies the key factors influencing the formation of a permanent mechanism of Internet financial regulation. As a result, this study can serve as a crucial reference for financial regulators to formulate targeted strategies to promote the transition of Internet financial regulation to a mature stage and form a permanent mechanism of Internet financial regulation. [ABSTRACT FROM AUTHOR]

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