Bank's new digital currency

1.

On November 9, 2019, the central bank has not launched digital currency

in 2014, the Central Bank of China set up a special research team to conct in-depth research on the framework of digital currency issuance and business operation, key technologies of digital currency, issuance and circulation environment, and legal issues

in January 2017, the central bank officially established the digital currency Research Institute in Shenzhen

in September 2018, the Institute of digital currency built a trade finance blockchain platform

On July 8, 2019, at the launching ceremony of the digital finance open research program and the first academic seminar, Wang Xin, director of the Research Bureau of the people's Bank of China, disclosed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is engaged in corresponding work in organizing market institutions

extended data:

benefits of digital currency

the digitalization of central bank's currency helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate. It can also become a new monetary policy tool

at the same time, the central bank can affect the bank deposit and loan interest rate by adjusting the digital currency interest rate of the central bank, and help to break the zero interest rate lower limit

2.

there is no . In response to the online transmission of China Construction Bank mobile app online digital currency in personal wallet, CCB responded on the evening of August 29 that CCB carried out relevant function test in mobile banking system on the evening of August 28, at present, this test has ended . At present, Internet information is the testing content in the process of technology research and development, does not mean that digital RMB is officially launched

it is reported that recently, the app of China Construction Bank launched the digital currency wallet, which surprised people. Users only need to bind their own bank card on the digital currency wallet to open it. In addition, the app of China Construction Bank has added two submenus of digital wallet recharge and digital currency, indicating that users can use the digital RMB wallet to recharge, It is mainly divided into app wallet and hardware wallet

extended information:

many companies speed up the layout

recently, there are many rumors about digital RMB, which are also reflected in the capital market. Judging from the performance of the digital currency sector, it recently hit a new high this year

some listed companies revealed that they would pay attention to the field of digital currency and actively lay out their plans. On the e interactive platform of Shanghai Stock Exchange, Qi an Xin said that the pilot test of digital currency has brought more market opportunities for security manufacturers from the new security project opportunities brought by the upgrading of financial IT system, and the company has been paying attention to and actively arranging

The company has been paying close attention to and actively following up the technology and application trends related to digital currency, and has continued to make layout in technology R & D and proct development. In the process of promoting the implementation of digital currency by the central bank, Youbo will also contribute to the digitalization of RMB and the implementation of offline merchant payment scenarios

Shenzhou Holdings said in the China Daily News that its Shenzhou information has participated in the central bank's digital currency (DC / EP) test and related promotion work of a commercial bank, involving the electronic payment scenario test of encrypted digital currency. As one of the important systems required for the later promotion of DC / EP, Shenzhou information has completed relevant technical reserves, In the future, it can help commercial banks realize the implementation and promotion of digital currency

3. BOC has not issued any digital currency, which is a false information. The Bank of our country forbids digital currency. The central bank has planned to issue digital currency, but it is still in the experimental stage. Moreover, the digital currency that the central bank plans to issue is also different from bitcoin, Ruitai, Laite and other digital currencies.

4. The virtual currency we use on the Internet, such as q-coin or other game currency, is strictly virtual goods or intermediate goods. It is not money and does not have the purchasing power of legal tender. Bitcoin, which is more talked about in the market, is also different. It is a decentralized virtual currency realized by using blockchain technology, which is easy to facilitate money laundering. Therefore, the application of blockchain technology should not be copied. If the central bank issues digital currency, it should be a kind of centralized currency. The legal currency issued by the central bank, encrypted and supported by national credit, should meet the regulatory requirements
a few days ago, Indian Prime Minister modi announced the issuance of a new currency aimed at combating tax evasion and money laundering. In fact, if the central bank issues digital currency with perfect technology and mature mechanism, it will have better effect. Because the digital currency, in addition to anti-counterfeiting, with the help of blockchain technology, makes the capital data traceable and highly transparent. These features can also be used for macro data statistics and monitoring, which has positive significance for big data risk control
as for what bank digital currency is, the central bank requested at the meeting on January 20 this year that the research team of the people's Bank of China should actively absorb the important achievements and practical experience of digital currency research at home and abroad, continue to promote on the basis of preliminary work, establish a more effective organizational guarantee mechanism, and further clarify the strategic objectives of the central bank in issuing digital currency, Do a good job in tackling key technologies, study the multi scenario application of digital currency, and strive to launch the digital currency issued by the central bank as soon as possible.

5. Bank of China has not launched or plans to launch any digital currency, let alone specific events. In China, the major commercial banks have drawn a clear line with digital currency for a long time. Although the attitude towards digital currency is not so cold now, the law is still not prohibited. However, the central bank held a digital currency seminar earlier this year and planned to launch its own digital currency, which is different from cryptocurrencies such as bitcoin, Ruitai and Laite.

6. In addition to the postal service and Weizhong, the Bank of Changsha is now cooperating with a public platform called SMIC blockchain, which seems to be a blockchain loan business.

7.

In one year, it has developed more than 47000 members, involving 4.06 billion yuan. Haikou police recently cracked a huge online pyramid selling case in the name of virtual currency "Eurasian currency", involving a surprising number of people and huge amount of money

it has been learned that a large number of investors have been cheated by using the internet pyramid selling platform to operate, and then holding promotion meetings and forums to publicize its legitimacy and beautiful vision. With the company's capital chain on the verge of fracture, investors' dream of "high rebate and high return" is broken

according to the introction, it is difficult to crack the case. More than 200 policemen from Haikou economic investigation, criminal police, internet police, special police detachment and sub Bureau arrested in Hainan, Beijing, Jiangsu, Guangdong, Sichuan, Hubei and other six provinces, freezing 53 accounts nationwide. At present, 28 suspect suspects have been arrested, of whom 19 have been arrested by the procuratorial organs. P>

new network pyramid selling is very covert, and can be operated by computer and mobile phone. Suspect suspects are scattered throughout the country. When the case is collected, it is necessary to arrive at the same time, otherwise, the evidence of destruction will be found. Therefore, this kind of criminal behavior needs to strengthen the linkage of various departments at ordinary times, maintain high pressure supervision and attack situation. p>

the police said that the new network pyramid scheme involves a wide range of cases, and it is urgent for Instry and commerce, public security, finance and other departments to establish a joint supervision mechanism and a joint strike mechanism, so as to nip the crime in the bud, prevent its "fission" growth trend, and let more people be deceived

8.

TBCC is not China UnionPay digital currency

the digital currency of the central bank is the legal tender approved by the State Council. The central bank organizes market institutions to engage in the research and development of digital currency of the central bank

the digital currency of the people's Bank of China can be simply called the digital version of RMB, which is essentially the same as the paper version of RMB. It's just that paper money is visible, and electronic money is in everyone's electronic device

extended data:

significance of Central bank currency Digitization:

1. Central bank currency digitization helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy

2. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate

It can also become a new monetary policy tool. At the same time, the central bank can affect the bank's deposit and loan interest rate by adjusting the central bank's digital currency interest rate, and help break the zero interest rate lower limit

From the perspective of economics, there are three main problems to be solved. It is possible to eliminate illegal cash transactions and money laundering, implement negative interest rates and spread money by helicopter