Shenzhen Houhai digital currency ATM
So far, Hangzhou City, Shenzhen City and Guizhou Province have become the three hot areas of the central bank's digital currency pilot, and the virtual digital currency ATM has not been installed yet P>
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China's digital currency characteristics:
China digital currency is the proct of the combination of traditional currency and the Internet, and is the Internet plus of financial and monetary domain. p>
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China's digital currency will be the only digital currency issued by the state in the world so far, with national credit and currency anchor that bitcoin and other digital currencies do not have
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China's digital currency can learn from blockchain and other new network technologies to enhance its own security and stability. Blockchain is also a kind of mesh topology, which can rece the task of the central server and has anti-counterfeiting function
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China's digital currency relies on a secure and stable Internet. The promotion and application of quantum communication technology is of great significance to the security of China's digital currency
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China's digital currency is based on the real RMB, not a kind of currency made out of thin air. The two are only different in form, the former is electronic data, the latter is RMB paper money
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China's digital currency is a kind of electronic currency created by digital network technology, which also has the main characteristics of network packets
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digital currency is an encrypted algorithm, just like a cash note with a unique number, which can not be tampered with< br />
what is China's digital currency:
this news attracted the attention of the instry including the author. Digital currency based on blockchain technology is spreading all over the world and is favored by global investors. International financial groups have invested heavily in digital currency to control the future currency control
whoever has the right of currency control will have all the economic rights and will take the lead in the world economy and finance. When the pound became an international currency, Britain was the most powerful country in the world. At that time, British international trade accounted for more than 80% of the world. After World War II, when the US dollar became an international currency, the huge benefits that the United States gained and seized from it need not be said.
then, it is this kind of sovereign currency that promotes economic development, at the same time, it also generates inflation by issuing excess currency, which virtually deprives the global people of their wealth. People have long hated the phenomenon that sovereign countries issue money indiscriminately and stealthily seize people's wealth. This is one of the reasons why bitcoin has aroused social repercussions and recognition
the limitation of bitcoin mining, based on the scientific nature of blockchain technology, decentralized recordable and traceable transparency, get rid of the situation of disorderly issuance of currency by sovereign countries and eradicate the soil of over issuance of currency. This is the reason why financial institutions have studied and invested in blockchain digital currency
in August 2016, the world's four largest banks have started to cooperate in the research and development of a new form of digital currency, which they believe will become the instry standard for clearing and settling financial transactions using blockchain. Blockchain is the technology behind bitcoin
UBS, the first to develop "utility settlement coin", has joined hands with Deutsche Bank, Santander, bny Mellon and ICAP to introce this concept to central banks and strive to put it into commercial use in early 2018
at the same time, the development of private digital currency, including bitcoin, is very rapid. However, in the face of the enthusiasm of financial institutions, technology companies and private investment, it seems that central banks are indifferent
in this case, the people's Bank of China took the lead in China, where bitcoin is the most fiercely hyped. As early as January 2016, the central bank held a seminar on digital currency, and Zhou Xiaochuan personally attended the meeting and delivered a speech
Chinese financial enterprises are also very active in the research of digital currency. At the end of January 2017, more than 40 well-known financial institutions, including Ping An Group, Weizhong bank, Minsheng Bank, China Merchants Bank and Dacheng Fund, jointly established the first China (Shenzhen) fintech digital currency union and China (Shenzhen) fintech Research Institute. Shenzhen is expected to become the first pilot city of digital currency operation in China
at the same time, many bitcoin websites in China's digital currency platform have long been in the vision of the people's Bank of China, and its supervision has never stopped. In this process of supervision, the central bank has learned a lot about the mechanism of bitcoin from it, and the importance of bitcoin to its future development and even the fear of bitcoin have come into being. I often say that the birth of digital currency is likely to change the life of the central bank. Because of the digital currency based on bitcoin blockchain technology, everyone is the currency issuer. In this kind of psychological fear and crisis, the Central Bank of China started ahead of time. The purpose is to control the issuing right of digital currency and maintain the essential function of central bank
as to why the central bank issues digital currency, Sheng Songcheng, counselor of the central bank, said that private digital currency weakens the effectiveness of monetary policy and threatens financial stability, forcing the monetary authorities to start studying the issue of central bank digital currency. By issuing digital currency, the central bank can retain the control of monetary sovereignty and better serve monetary policy, not only to replace the cash flow of paper money. A word tells the truth. It can be seen that the purpose of the central bank's research on digital currency is to maintain the ruler's firm control of monetary power
the Central Bank of China may be different from other countries. In northern Sweden, the central bank will consider a variety of issues, including technical, legal, implementation and security issues, and expects to make a decision on whether to issue an "ekrona" within two years. The purpose is to ban the circulation of physical cash and become the first society to use "digital cash" completely. To be specific, Sweden is basically out of cash. Sweden's cash flow to GDP ratio has fallen from nearly 10% in 1950 to about 1.5%. Local bank branches continue to rece cash processing, and ATMs are scarce. Some stores have stopped accepting cash payments altogether
digital currency is a big concept. Digital currency is the abbreviation of digital currency. It is an alternative currency in the form of electronic currency. Both digital gold coin and cryptocurrency belong to digiccy
cryptocurrency refers to the digital currency that does not rely on any physical object and uses cryptographic algorithm. It now refers to the English cryptocurrency (meaning bitcoin digital currency, including bitcoin). For example, bitcoin, lightcoin and bitstock are digital currencies created, distributed and maintained by cryptography and verification technology. The characteristic of cryptocurrency is that it uses peer-to-peer technology and everyone issues it. Cryptocurrency is divided into open mining cryptocurrency (represented by bitcoin) and issuing cryptocurrency
at present, most institutions, including the Central Bank of China, mainly focus on cryptocurrency. It can be seen that the purpose of the Central Bank of China to unify the digital currency is in contradiction with the original intention of the birth of password digital currency. Digital currency may make it impossible for central banks to control at all< In any case, the Central Bank of China has taken a very important step.