Money in digital form
1. digital currency facing two risks. The first is the technical level. Digital currency relies on blockchain technology and a system, which will make it suffer from security impact, such as hacker attacks on computer systems. We have seen many practical problems in this process< Another risk of digital currency is credit risk. Because there are middlemen in digital currency transactions, these middlemen are different from real organizations. In reality, organizations can be seen and felt, but the middlemen of digital currency are on the Internet, so the risk is greater
3. Digital currency has the characteristics of anonymity, quickness and irrevocability. In addition, bitcoin and other digital currencies have high circulation in the world, so many criminals use digital currency as a new money laundering channel. Moreover, there are many different ways to realize money laundering through digital currency. Generally speaking, the probability of new money laundering being found and investigated is lower than before. Many countries have no effective means and technology to combat money laundering through digital currency. These factors lead to criminals prefer this way of money laundering
investment is risky and business should be cautious
digital currency has the main characteristics of network packet. This kind of data packet is composed of data code and identification code. The data code is the content we need to transmit, while the identification code indicates where the data packet comes from and goes
based on the characteristics of digital money, the direct benefit of digital money to the central bank is not only to save the cost of paper money issuance, circulation and settlement, but also to enhance the central bank's ability to control funds.
virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency
in 2013, the central bank, together with five ministries and commissions, issued the notice on preventing the risk of bitcoin, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, not in the form of currency and legal currency< At the same time, digital currency is different from electronic payment. In the actual use experience, digital money and electronic payment may feel similar, but they are still quite different in essence. Before digital currency, the financial instry has been highly informationized. Such as Internet banking, WeChat, Alipay and so on pay the popularization of electronic technology, physical cash accounts for only a very small part of the total circulation of money. In spite of this, because the money used in the transaction comes from the bank account, it actually corresponds to the banknotes.
Digital currency is a kind of legal tender, which must be issued by the central bank. Both digital gold coin and cryptocurrency belong to digital currency, which is not a network virtual currency, because it is not limited to virtual space, but is often used for real goods and services transactions, such as bitcoin, Wright coin, bitstock, etc. at present, there are thousands of digital currencies issued around the world
extended data:
1. Impact on financial infrastructure
the decentralized mechanism of value exchange based on distributed ledger technology has changed the basic settings of gross and net settlement on which financial market infrastructure depends. The use of distributed ledgers also poses challenges to trading, clearing and settlement, as it promotes the disintermediation of traditional service providers in different markets and infrastructures. These changes may have potential impacts on market infrastructure other than retail payment systems, such as large payment systems, securities settlement systems or trading databases
If digital currency and distributed ledger based technology are widely used, it will bring challenges to the intermediary role of financial system participants, especially banks. As a financial intermediary, banks perform the ties of acting supervisors and supervise borrowers on behalf of depositors. Usually, banks also carry out liquidity and maturity conversion business to realize the financing from depositors to borrowers. If digital currency and distributed ledger are widely used, any subsequent disintermediation may have an impact on savings or credit evaluation mechanisms-
the cursor is in front of the number and the point is inserted
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select the currency symbol, such as & #;, Then click the insert button
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just add. 00 after the number
the central bank's digital currency has national credit and is equivalent to legal currency. Its functional attributes are exactly the same as those of traditional paper currency, but it is in digital form. Digital currency is concive to recing transaction costs, improving financial efficiency, and preventing money laundering and other illegal transactions
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response time: January 6, 2021. Please refer to the official website of Ping An Bank for the latest business changes
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Digital RMB is issued by the people's Bank of China. It is legal tender in digital form, with value characteristics and legal compensation. Digital RMB is equivalent to banknotes and coins. Digital RMB can buy everything banknotes can buy; Paper money can be exchanged for foreign currency, digital RMB can also be exchanged
RMB includes physical form and digital form, which provides legal basis for China to issue digital currency. It is illegal to issue digital tokens in China -- no unit or indivial is allowed to make or sell token tickets or digital tokens to replace RMB in the market
expansion data:
digital RMB and WeChat payment, Alipay and other payment tools:
Mu Changchun, director of the digital Monetary Research Institute of the Chinese people's Bank of China, explains that WeChat payment and Alipay are financial infrastructure and "purse"; Digital RMB is a payment tool and the content of "wallet". After the issuance of the digital renminbi, you can still use WeChat payment and Alipay payment, but only the contents of the "wallet" have increased the central bank's currency. p>
after the introction of digital RMB, its exchange will be free. The people's Bank of China (PBOC) establishes a free value transfer system and financial infrastructure of digital RMB, and does not charge circulation fees from the issuing layer. Commercial banks also do not charge customers service fees for the exchange and return of digital RMB