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Russia develops official digital currency

Publish: 2021-05-20 11:31:24
1.

On October 17, according to Russian media reports, at a meeting held last week between Russian President Vladimir Putin and financial officials, Russian regulators decided to officially launch the supervision of the mining instry of bitcoin and other digital cryptocurrencies. At the same time, Russia plans to launch the national digital currency cryptorubber

Therefore, they agreed at the meeting to regulate the generation and circulation of cryptocurrency and will draft and pass relevant bills, "I will not disclose the specific regulatory measures that will be taken this time, but we all believe that Russia should take the lead in this field and implement regulation from the legislative level."

The bill will be issued by the end of this year and needs to be passed by the Russian State Duma before it becomes law

2.

In today's society, the whole world is a super strong society. One superpower refers to a superpower, and the United States deserves it. There are many powerful countries, such as Japan, Russia, China and so on. Nowadays, digital currency is widely popular. Up to the top officials and dignitaries, down to the people, there may be people playing digital currency. What's more, maybe you have several friends playing digital currency. According to the current situation, the main body of issuing and implementing digital currency is mainly divided into two categories, one is issued by companies, the other is issued by social organizations or associations. Although countries are joining the tide of blockchain research, so far no country has officially launched sovereign digital currency

Therefore, Venezuela should learn more from Russia and strengthen its own construction. And other aspects have come up, and then issue their own digital currency, I believe credit will be higher

3. RMB is the legal currency of our country, and it is the currency symbol with purchasing power stipulated by our country's law. The relevant laws of our country have made detailed provisions on the monetary system, which are as follows: 1) the monetary material is stipulated, and the currency of our country is made of paper material. 2) the monetary unit is stipulated, and the monetary unit of our country is mainly yuan with Jiao Fen; China's RMB has unlimited legal compensation capacity (it means that the law stipulates that a currency has unlimited payment capacity, no matter how much it is in each payment, and no matter what kind of payment it belongs to, the other party shall not refuse to accept, otherwise it will be regarded as illegal.) 3) it stipulates the issuance of currency, China's currency is issued exclusively by the people's Bank of China. No other unit or indivial is allowed to print RMB. The issuance of RMB is not to issue as much as they want. This has its own law. This law is called the necessary amount of money or the demand for money, It is equal to the total number of goods multiplied by the total price of goods (the value of goods) divided by the circulation speed of money (that is, the circulation times in a certain period of time). For example, if the total value of goods in society is 1000 and the circulation speed of money in a certain period of time is 10, then the necessary quantity of money is 100. The central bank can issue money according to this quantity, If the central bank's circulation is higher than this amount, the money supply in the market will exceed the money supply, leading to currency devaluation, price rise, and inflation. After the issuance of the people's currency, the bank will issue it to commercial banks in the form of loans, Commercial banks then put money into the society in the form of loans. The issuance of US dollars is basically the same, because these laws are the objective laws of human economy and society, which are not transferred by one person's consciousness, and no matter what social form they are, they must abide by this law. The purpose of reserving US dollars is to provide guarantee for the stability of the value of RMB, In other words, once the supply of RMB in the market changes (because the market is constantly changing, the supply of money can not be completely consistent with the necessary amount of money), RMB can not automatically withdraw from the circulation field, but continue to be full of it, This requires a currency that can be generally accepted by all countries in the world, and the US dollar is the most acceptable currency for all countries in the world. With the development of China's economy, foreign trade is developing rapidly. In this case, we should have sufficient foreign exchange to ensure the smooth progress of our foreign trade
4. It is the only blockchain community platform in the blockchain field, including telegraph group, Facebook, twitter, LinkedIn, etc.
5.

At present, the world's major central banks are focusing on digital currency

instry insiders said that these digital currencies are stored in digital wallets and run in specific digital currency networks, which are more difficult to tamper with, easier to operate online and offline, more visible, and more extensive channels. As a new thing, the central bank's digital currency must have its own form of existence

Article source: bit110 network

6.

When it comes to digital currency, I believe we are not unfamiliar with it. A few years ago, when the country just proposed digital currency, we have been thinking about what digital currency is and why we need to launch digital currency. Is it to simply replace paper currency and save paper? In fact, it is not. The significance of implementing digital currency is very great. Digital currency is not a simple replacement of paper. It has powerful functions such as preventing money laundering and tracing the source of funds{ RRR} to promote the use of digital currency can not only solve the problems mentioned above, but also solve many unexpected and unknown problems. Although we can't experience the charm of digital currency, once digital currency is popularized, many people can benefit from it

7.

Digital RMB is the legal currency in digital form, which has the same effect as the paper currency issued by the people's Bank of China. As early as 2020, the people's Bank of China has carried out the pilot work of digital RMB in Beijing, Shenzhen, Suzhou, Cheng, Wuhan and other places to explore the way for the comprehensive development of digital RMB. The pilot work of digital RMB in these cities has achieved good results. At present, the pilot work of digital RMB has not been completed and is still in the stage of deepening exploration. Issuing digital RMB can effectively save China's wood resources, rece environmental pollution, and avoid heavy transportation security work. In addition, China is the second largest economy in the world, and plays an important role in international economy and trade. Therefore, digital RMB internationalization has unique advantages and internationalization attributes

8.

On October 16, Beijing time reported that Russia may soon issue its own official cryptocurrency, cryptoruble, to quell months of speculation that the country will adopt this technology. To some extent, this shows that the authorities welcome digital currencies such as bitcoin and ethereal currency, but "encrypted rouble" is unlikely to be truly decentralized and decentralized like other digital currencies

It is understood that this tax rate will also apply to any value-added transaction, although it is not clear how or whether this digital currency will be linked to legal tender

one might think that the Russian government is secretly encouraging these transactions and profiting from speculation and money laundering. But on the other hand, this is a practical way to prevent the market from falling into complete chaos. Cryptocurrency enthusiasts may not like the Russian government's idea of leaving the top of the market aside, but for now, it seems to be the price of participating in the economic activities of a major online economy

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