Li Ming, Dean of digital currency research

1.

The digital currency developed by the central bank has such a definition: encrypted digital string representing specific amount guaranteed and signed by the central bank . In a broad sense, digital currency includes a wide range of aspects, including electronic currency, virtual currency and legal digital currency. But strictly speaking, the digital currency developed by the central bank refers to legal digital currency

electronic currency is the digitalization of legal tender, including our common bank cards, Internet banking, electronic cash, Alipay and so on. No matter what the form of these electronic money is and through which institutions it circulates, its original source is the legal money issued by the central bank

In contrast, virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. For example, Tencent Q coin and other game coins, such virtual currency is mainly limited to circulation in a specific virtual environment; bitcoin, for example, solves the problem of decentralization and distrust through blockchain technology, realizes global circulation, and is sought after all over the world. In other words, virtual currency can only be closed in the network circulation, and digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency, bitcoin is illegal

the digital currency researched and issued by the central bank is indexed RMB, which belongs to legal encrypted digital currency from the perspective of national schemes, and it is not only a payment tool but also a currency itself< the purpose of digital currency issued by the central bank is to replace physical cash, rece the cost of traditional paper currency issuance and circulation, and improve the convenience and transparency of economic transactions

hope to adopt

2. The establishment of the digital currency Research Institute by the central bank can speed up the pace of launching digital currency by the central bank
the "trace" and "traceability" of digital currency can improve the convenience and transparency of economic transactions. Economist Yu Fenghui said that money laundering, tax evasion and other criminal activities are expected to decrease. At the same time, with the application of blockchain technology, a unified account book will be established nationwide or even worldwide, so that every sum of money can be traced back. Tax evasion and money laundering will be within the scope of supervision, and it is even possible to realize automatic tax dection on the card machine
in the future, the digital currency launched by the central bank will become the mainstream, and the digital currencies such as lightcoin, bitcoin and decent may be marginalized.

3. I have never heard of the Institute of virtual currency or a non-governmental organization. There is no such organization in China. In fact, virtual currency is rarely mentioned in the mainstream currency circle, which is generally called digital currency. Virtual currency is generally used in pyramid schemes, which is very vulgar but easy to understand
digital currency investment is risky. If you don't understand it, don't touch it. It's recommended to pay attention to bitcoin and Leyte currency, which are mainstream currencies.

4. On November 16, Beijing time, the 2016 China finance and development innovation forum and the founding ceremony of China digital currency Research Institute, sponsored by China Shengbao investment group, was successfully held at the Great Hall of the people in Beijing
however, the director of the National Institute of digital currency does not know who it is. Coin Ying China is also very well-known in the coin circle. It is at the forefront of the times and has created a new mode of blockchain + crowdfunding.

5. I haven't heard of it. I only know that there is a China digital currency Research Institute, which was established on November 16, 2016. Approved by relevant ministries and commissions, China digital currency Research Institute is a non-profit unit with a legal license. It is an organization that trains high-level talents of digital currency and carries out digital currency research, consultation, development planning and related activities. Mr. Li Yubao is the director of the Institute. Through him, he has been engaged in government, finance and other related activities for many years With rich experience of enterprise and banking consultants, we are committed to promoting the integration of scientific research and practice in the digital currency instry.

6. This is not very clear. It is estimated that only those who work in the digital currency research team of the central bank can know what kind of experience this is. At the beginning of this year, the central bank held a seminar on digital currency and planned to issue its own digital currency. However, this kind of digital currency is different from bitcoin, Ruitai coin and Laite coin.

7. First of all, digital currency is not officially popular for the time being. Personal daily consumption is mostly through cash consumption. At the same time, personal payment through software is also a kind of similar digital currency.

8. On January 20, 2016, the digital currency seminar of the people's Bank of China announced that the research on digital currency has achieved phased results. Zhou Xiaochuan, governor of the people's Bank of China, attended the meeting, and fan Yifei, vice governor of the people's Bank of China, presided over the meeting. The meeting affirmed the value of digital currency in recing the issuance of traditional currency, and indicated that the central bank was exploring the issue of digital currency< However, Zhou Xiaochuan later said that the digital currency to be issued by the central bank is different from bitcoin, Ruitai currency and vitality currency.