The company accepts the invitation of the central bank to partic
Publish: 2021-05-15 14:22:33
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. The people's Bank of China has designed a two-tier architecture for digital currency
specifically, according to Yao Qian, director of China digital currency Research Institute, the design framework of central bank's digital currency is mainly convenient and efficient, safe and controllable, and popular development
as for the two-tier framework, the two-tier framework is the central bank and the commercial bank, based on the account and wallet. This framework is to combine the original bank account system with the account system based on digital currency wallet
in blockchain technology, digital currency is separated from legal currency system and bank account system. Otherwise, together, it will cause chaos. Considering this problem, Yao Qian introced digital currency wallet into the account system of commercial banks. In this way, an account can manage both electronic currency and digital currency. Of course, this kind of design has a great impact on the current banking system, but it is also a resource for commercial banks with mature system
how does digital currency wallet work in commercial banks
bank accounts and digital currency wallets of commercial banks have common management features. In this case, bank accounts and digital wallets have different positioning. According to the wallet standard designed by the central bank, a wallet is equal to a safe deposit box. According to the requirements of customers, the bank will manage the safe deposit box as all the properties of cryptocurrency. This framework adds a Digital Wallet ID field to the bank account. In this way, the wallet has the function of a safe deposit box and does not participate in the business, so as to avoid affecting the core business of the bank
digital currency transfer can be directly transferred in the commercial banking system, or through the note issuing bank using the client-side digital wallet, direct point-to-point transactions, so that there is no need to rely on inter-bank payment between account banks< In a word, digital currency wallet is the personal wallet in the commercial banking system
theoretically, the payment system deals with demand deposits, while digital currency is in the category of cash
is the digital currency issued by the central bank decentralized
Yao Qian said that the biggest issue facing the instry now is whether decentralized distributed ledger should be used at the top level
Central Bank digital currency is more convenient and can develop into controllable anonymity through centralized issuance and account based weak association. However, in the digital world, we cannot confuse the economy and finance behind the numbers. Although they are all numbers, they represent different assets, so the central bank will keep them in mind when designing. We want to have a mature financial infrastructure for legal digital currency, but considering that the note issuing bank is only responsible for the digital currency itself, and the account bank is responsible for the actual management business, so as long as the specific application is implemented, the note issuing bank and the account bank will perform their ties and do their best
then the characteristics of the central bank's digital currency are
1. Digital currency, like RMB, has stable value
2. The operation mode is the same as RMB, which is endorsed by the national credit and issued by the central bank, and all commercial banks exchange it into the market
3. Digital currency issuance relies on big data, because it has the possibility of real-time collection of currency bookkeeping, flow, transaction, etc., which can provide help in anti money laundering
4. After digital currency replaces paper currency, it will play a positive role in preventing counterfeit banknotes, changing change, and preventing damage and loss ring transaction storage
5. It will rece the waste of resources. The proction and printing of paper money need cost, while the proction of digital currency depends on big data, so it will rece the waste of resources
therefore, with the advent of the central bank's digital currency, personal participation will have less opportunities to make money
I hope it can help you
hope to adopt it
specifically, according to Yao Qian, director of China digital currency Research Institute, the design framework of central bank's digital currency is mainly convenient and efficient, safe and controllable, and popular development
as for the two-tier framework, the two-tier framework is the central bank and the commercial bank, based on the account and wallet. This framework is to combine the original bank account system with the account system based on digital currency wallet
in blockchain technology, digital currency is separated from legal currency system and bank account system. Otherwise, together, it will cause chaos. Considering this problem, Yao Qian introced digital currency wallet into the account system of commercial banks. In this way, an account can manage both electronic currency and digital currency. Of course, this kind of design has a great impact on the current banking system, but it is also a resource for commercial banks with mature system
how does digital currency wallet work in commercial banks
bank accounts and digital currency wallets of commercial banks have common management features. In this case, bank accounts and digital wallets have different positioning. According to the wallet standard designed by the central bank, a wallet is equal to a safe deposit box. According to the requirements of customers, the bank will manage the safe deposit box as all the properties of cryptocurrency. This framework adds a Digital Wallet ID field to the bank account. In this way, the wallet has the function of a safe deposit box and does not participate in the business, so as to avoid affecting the core business of the bank
digital currency transfer can be directly transferred in the commercial banking system, or through the note issuing bank using the client-side digital wallet, direct point-to-point transactions, so that there is no need to rely on inter-bank payment between account banks< In a word, digital currency wallet is the personal wallet in the commercial banking system
theoretically, the payment system deals with demand deposits, while digital currency is in the category of cash
is the digital currency issued by the central bank decentralized
Yao Qian said that the biggest issue facing the instry now is whether decentralized distributed ledger should be used at the top level
Central Bank digital currency is more convenient and can develop into controllable anonymity through centralized issuance and account based weak association. However, in the digital world, we cannot confuse the economy and finance behind the numbers. Although they are all numbers, they represent different assets, so the central bank will keep them in mind when designing. We want to have a mature financial infrastructure for legal digital currency, but considering that the note issuing bank is only responsible for the digital currency itself, and the account bank is responsible for the actual management business, so as long as the specific application is implemented, the note issuing bank and the account bank will perform their ties and do their best
then the characteristics of the central bank's digital currency are
1. Digital currency, like RMB, has stable value
2. The operation mode is the same as RMB, which is endorsed by the national credit and issued by the central bank, and all commercial banks exchange it into the market
3. Digital currency issuance relies on big data, because it has the possibility of real-time collection of currency bookkeeping, flow, transaction, etc., which can provide help in anti money laundering
4. After digital currency replaces paper currency, it will play a positive role in preventing counterfeit banknotes, changing change, and preventing damage and loss ring transaction storage
5. It will rece the waste of resources. The proction and printing of paper money need cost, while the proction of digital currency depends on big data, so it will rece the waste of resources
therefore, with the advent of the central bank's digital currency, personal participation will have less opportunities to make money
I hope it can help you
hope to adopt it
3. Viewpoint: digital currency exists to replace paper money, and it will become a trend in the future< p> Although for & quot; Digital currency & quot; This term is already familiar to many people, but I believe most people do not know very well what this is for. Even a lot of people will equate the digital currency with WeChat or Alipay, which is not accurate. So, I'd like to take this topic to talk about digital currency in simple and easy words
so, what's the significance of this digital currency? Why do you have to work hard to do this? For most people, it really won't have any impact, but for a small number of people, it will have a great impact. This small group of people are those who engage in illegal activities
for example, if some people are corrupt and accept bribes, they specify that they can't let others put money on the bank card. That means they are directly arrested, but they can't be found with cash. If we restrict the large amount of cash consumption in the future, for example, if you have to spend more than 5000 at one time, you can't use cash, you need to use digital currency. In this way, those who have bribed tens of millions of cash in their families may not want to spend all their money in their lifetime. And their illegal income doesn't go to the society. It's just paper. They still occupy space at home. Once they start to spend money in digital currency, it's easy to find out. That is to say, all our income will be counted. Once they are involved in crimes, it's easy to be caught. At that time, there will be less Telecom fraud, This is the meaning of digital currency
4. First, most people now use WeChat and paybora to pay for their mobile phone. After the digital RMB is launched, you can use digital money to pay Alipay. This is safer. Because if WeChat and Alipay make endorsement only by endorsement of their assets and credits, Digital RMB is backed by national credit, which is more reliable and safer
Digital RMB is coming! What is the impact on people's lives
secondly, many people think that digital RMB has special functions of anti money laundering and anti-corruption because of its traceability. I think that's half right. The introction of digital RMB really has a deterrent effect on money laundering. With the participation of blockchain technology, relevant departments can effectively find the source of funds, So as to effectively curb money laundering
however, it may not be so easy to crack down on corruption. Some corrupt elements may turn their money into a house and put it in the name of their relatives, but you can't find it, or some corrupt elements may put their corrupt money directly at home, and law enforcement agencies can't find it at all. Unless, like India's Modi, the old version of large banknotes will be voided and replaced with new banknotes. In the replacement, it is necessary to show the proof of the legal source of the huge amount of property
thirdly, digital currency can also help poverty alleviation and provide national welfare. During the epidemic period, China has formulated a lot of welfare policies for enterprises and indivials. However, e to inaccurate information and unimpeded channels, it is unable to benefit every enterprise and indivial. If we use the digital RMB channel, we believe that every enterprise and indivial will benefit directly. In this way, we can save time cost and channel operation cost without going through a third party. In addition, if we lay out the digital RMB well in advance, the state can distribute benefits to the people more directly and quickly, and it can also be accurate to the indivial. These will give our country is vigorously layout of the circular economy has played a role in boosting
Digital RMB is coming! What is the impact on people's lives
fourthly, digital RMB will play a positive role in import and export trade and lay a solid foundation for RMB internationalization in the next step. In addition to the use of digital RMB in import and export trade, it can also expand the influence of digital RMB in the world. In addition, China now has tens of millions of Chinese and overseas Chinese all over the world, who will play a positive role in the promotion and circulation of digital RMB. With the increasing status of RMB internationalization, the introction of digital RMB is more concive to the promotion and use of RMB in the world, and lays the foundation for RMB internationalization
of course, some people worry that if the network is cut off or the mobile phone has no signal, then digital currency can not be used, which is an irresistible accident. The central bank should take this into account before launching the digital Renminbi. In this regard, we believe that RMB banknotes and coins will not withdraw from circulation for a long time in the future. In the future, digital RMB and banknotes will coexist for a long time. Therefore, people can rest assured that the introction of digital RMB by the central bank will not affect people's daily life.
Digital RMB is coming! What is the impact on people's lives
secondly, many people think that digital RMB has special functions of anti money laundering and anti-corruption because of its traceability. I think that's half right. The introction of digital RMB really has a deterrent effect on money laundering. With the participation of blockchain technology, relevant departments can effectively find the source of funds, So as to effectively curb money laundering
however, it may not be so easy to crack down on corruption. Some corrupt elements may turn their money into a house and put it in the name of their relatives, but you can't find it, or some corrupt elements may put their corrupt money directly at home, and law enforcement agencies can't find it at all. Unless, like India's Modi, the old version of large banknotes will be voided and replaced with new banknotes. In the replacement, it is necessary to show the proof of the legal source of the huge amount of property
thirdly, digital currency can also help poverty alleviation and provide national welfare. During the epidemic period, China has formulated a lot of welfare policies for enterprises and indivials. However, e to inaccurate information and unimpeded channels, it is unable to benefit every enterprise and indivial. If we use the digital RMB channel, we believe that every enterprise and indivial will benefit directly. In this way, we can save time cost and channel operation cost without going through a third party. In addition, if we lay out the digital RMB well in advance, the state can distribute benefits to the people more directly and quickly, and it can also be accurate to the indivial. These will give our country is vigorously layout of the circular economy has played a role in boosting
Digital RMB is coming! What is the impact on people's lives
fourthly, digital RMB will play a positive role in import and export trade and lay a solid foundation for RMB internationalization in the next step. In addition to the use of digital RMB in import and export trade, it can also expand the influence of digital RMB in the world. In addition, China now has tens of millions of Chinese and overseas Chinese all over the world, who will play a positive role in the promotion and circulation of digital RMB. With the increasing status of RMB internationalization, the introction of digital RMB is more concive to the promotion and use of RMB in the world, and lays the foundation for RMB internationalization
of course, some people worry that if the network is cut off or the mobile phone has no signal, then digital currency can not be used, which is an irresistible accident. The central bank should take this into account before launching the digital Renminbi. In this regard, we believe that RMB banknotes and coins will not withdraw from circulation for a long time in the future. In the future, digital RMB and banknotes will coexist for a long time. Therefore, people can rest assured that the introction of digital RMB by the central bank will not affect people's daily life.
5. If you look closely at these two fields, you will find that they have begun to develop away from each other. Although digital currency is technically inseparable from blockchain, blockchain technology is not limited to digital currency. It is favored by various technical companies in terms of proct traceability, data transparency and distributed consensus. So what impact does the central bank's entry into digital currency have on the blockchain instry, It's not going to change much. At present, the ant gold clothing behind Alipay is the largest patent application company in the global block chain.
what benefits most from this is the domestic currency circle. In 2017, digital currency and related fund-raising activities were banned in China, which is quite negative in the eyes of ordinary people. In fact, the central bank's initiative to explore into cryptocurrency is the recognition of the core concept of digital currency. With this incentive, domestic enterprises will actively enter the instry and inject fresh blood into the instry, which is the most important
about this, you can see the reports of blockchain media, such as golden finance, coin easy to know column, chain news and so on.
what benefits most from this is the domestic currency circle. In 2017, digital currency and related fund-raising activities were banned in China, which is quite negative in the eyes of ordinary people. In fact, the central bank's initiative to explore into cryptocurrency is the recognition of the core concept of digital currency. With this incentive, domestic enterprises will actively enter the instry and inject fresh blood into the instry, which is the most important
about this, you can see the reports of blockchain media, such as golden finance, coin easy to know column, chain news and so on.
6. The issue of digital currency has many benefits and is imperative. According to the central bank, digital money and paper money will coexist for a long time to come. When people go to the bank to withdraw money, they can not only withdraw cash directly, but also exchange it into digital currency. In Xiaobian's opinion, the establishment and issuance of digital currency system can not only make people's transactions more convenient and safe, but also graally weaken the proportion of paper money in the real circulation, which will also have a positive impact on the electronic disk of postal money card
when people are used to digital currency, paper money will graally withdraw from the circulation market and enter the collection field. In the new environment of payment and circulation, the traditional paper money will become a symbol of an era and a memory of people. The paper money that used to circulate in the market will also become a kind of cultural and artistic investment goods, active on the electronic disk of the post money card. And those earlier and even rarer coins will also stimulate their prices to rise in this situation. It can be seen that the central bank's graal promotion of digital currency will have a profound impact on people's living habits and investment and financial management, which is worth looking forward to Sohu)
however, digital currency does not have to be used for payment. Some domestic application-oriented digital currencies have begun to find another shortcut and come out with a different truth. For example, coin Ying China crowdfunding project token; Puyin group launched the tea based digital currency Puyin.
when people are used to digital currency, paper money will graally withdraw from the circulation market and enter the collection field. In the new environment of payment and circulation, the traditional paper money will become a symbol of an era and a memory of people. The paper money that used to circulate in the market will also become a kind of cultural and artistic investment goods, active on the electronic disk of the post money card. And those earlier and even rarer coins will also stimulate their prices to rise in this situation. It can be seen that the central bank's graal promotion of digital currency will have a profound impact on people's living habits and investment and financial management, which is worth looking forward to Sohu)
however, digital currency does not have to be used for payment. Some domestic application-oriented digital currencies have begun to find another shortcut and come out with a different truth. For example, coin Ying China crowdfunding project token; Puyin group launched the tea based digital currency Puyin.
7. How can you use "dig" to get the legal money of a country? Then the country's finance and macro-control will be in a mess. Don't listen to the bullshit of those who engage in pyramid schemes
8. Is digital currency the safest? It can't be said that it is the safest. It can only be said that it is relatively safe.
9. Certainly, it can't. what's the point of his introction? It's to encourage all people to participate. Digital currency is a trend in the future, such as the recent chaos of Saipan coin and Yuanbao coin
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