Chinese digital currency to RMB
Hello, according to your question, at present, there is no saying that RMB can buy digital currency, so this should not happen
bitcoin and Libra (Libra) and other global stable currencies are trying to play the role of currency and finance. These cryptocurrency assets deal with transactions in a decentralized way, which will challenge a country's monetary sovereignty. The introction of digital RMB has the purpose of protecting currency sovereignty and legal currency status
secondly, from the perspective of the domestic financial environment, the introction of digital RMB is to adapt to the rapid development trend of mobile payment, at the same time, it also takes into account the inclusive nature of finance, to avoid the deepening of financial exclusion, and it is a public good to truly serve the majority of the people. Secondly, digital RMB can also identify and crack down on money laundering, tax evasion and other criminal acts to a certain extent, so as to ensure the stability of financial order
2. Lead the new international financial pattern
at present, legal digital currency is becoming a "new battlefield" in the competition among sovereign countries. The introction of digital RMB has a profound impact on financial and economic activities in the digital era
first of all, digital RMB helps to form a new international financial pattern and help RMB internationalization. To protect national currency sovereignty and legal currency status is the primary goal of digital RMB issuance
secondly, the introction of digital RMB helps to improve China's financial efficiency and optimize the allocation of resources. Ba Shusong, chief economist of China Banking Association, believes that legal digital currency can achieve a closer combination of monetary policy and fiscal policy. Through the smart contract with "conditional trigger mechanism", it can limit credit subjects and use scenarios, achieve accurate loan delivery, avoid capital idling, and achieve a more efficient macro-control system
thirdly, digital RMB brings new development opportunities for economic and financial activities based on digital technology. Bai Liang believes that digital RMB can become "data" from all aspects of issuance, circulation, storage, investment and cross-border flow, which has opened up the last mile for financial technology companies to use big data, blockchain, artificial intelligence, cloud computing and Internet of things to link and process these data
Digital RMB, abbreviated as "DC / EP", is the abbreviation of digital currency and electronic payment, which shows that digital RMB is not only a currency, but also an electronic payment tool. Instry insiders pointed out that when discussing digital RMB, we should first confirm that its basic attribute is currency, which is the composition and supplement of the existing legal currency system, and then it is a digital payment tool
Based on this, China's digital RMB system adheres to the basic principles of cash (M0) substitution, double-layer delivery and controllable anonymity
first of all, the Central Bank of China locates the digital RMB as M0 substitution, which is different from the decentralized characteristics of private digital currency. The issuance of digital RMB is managed by the central bank, and the issuer is the people's Bank of China
secondly, the double-layer delivery mechanism means that the central bank is responsible for the delivery and return of digital currency, but the central bank does not directly connect with consumers, but applies to the central bank for the exchange of digital currency through commercial banks, which provide the central bank's digital currency and corresponding services to the public
thirdly, from the perspective of payment data privacy protection, digital RMB realizes "controllable anonymity" based on encryption technology. Wu Tong, member of the academic and Technical Committee of digital assets research institute, introced that privacy protection technology can ensure the security of user data, avoid the disclosure of sensitive information, and not damage the usability; At the same time, it realizes the management of the use rights of the relevant data, ensures the traceability under certain conditions, and only the central bank can obtain the full amount of user identity information and transaction flow
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
if the money is to be put on the bank card, or there is WeChat or Alipay (WeChat money and Alipay balance does not have interest), this is the freedom of the indivial. However, the use of digital renminbi will be very convenient, WeChat and Alipay can not transfer each other, , and some places do not support WeChat or Alipay, while the digital renminbi is legal tender, and no one can refuse it.
Mu Changchun, director of the digital currency Research Institute of the people's Bank of China, once described such a use scenario: as long as you and I have digital RMB digital wallets on mobile phones, we don't even need the network. As long as the mobile phone has power, two mobile phones touch each other, we can transfer the digital currency in one person's digital wallet to another person
extended materials
Digital RMB can combat money laundering and tax evasion, etc.
as we all know, cash has the characteristics of anonymity and untraceability. Large amount of cash often provides convenience for corruption, tax evasion, terrorist acts, money laundering crimes, endangering the national economic and financial order, and even national security
Digital RMB adopts controllable anonymity mechanism, and the people's Bank of China can grasp the full amount of information. It can use big data, artificial intelligence and other technologies to analyze transaction data and capital flow, prevent and combat money laundering, terrorist financing, tax evasion and other illegal and criminal acts, and effectively maintain financial stability
Digital RMB should also comply with laws and regulations such as large amount cash management, anti money laundering and anti-terrorism financing. For example, according to the notice of the people's Bank of China on carrying out large amount cash management pilot, in order to cooperate with the anti money laundering related work, the digital RMB in the pilot areas should also be registered for large amount deposit and withdrawal, and the relevant institutions should report the large amount and suspicious transactions of digital RMB to the central bank