Central bank digital currency declaration
The digital currency of the central bank is DCEP
the name of the digital currency developed by the central bank is DCEP (digital currency electronic payment). DC is digital currency. EP is electronic payment. Payment transmits digital things through a certain way, not paper currency. Therefore, electronic payment itself has the attribute of digital currency
The characteristics of digital currency are: low transaction cost; Fast trading speed; Highly anonymous
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Application of digital currency
I. fast, economic and safe payment and settlement
cross border payment helps RMB internationalization. In 2015, the settlement volume of cross-border payment involving current account is about 8 trillion yuan. To accelerate the internationalization of RMB, cross-border payment and settlement procts and solutions with low cost, high efficiency and low risk are needed
At present, there are still a lot of repetitive human work in the bank's electronic loan process and processing process, and as the basic support of loan issuance, many of the collateral has the situation of false pricing or multiple or even no collateral. We can consider using digital currency to price and track bank collateral:3. Bill finance and supply chain finance
in recent years, various bill market businesses based on commercial bills have grown rapidly, and bill financing procts have become a hot area of Internet financing. However, about 70% of the current bill businesses in China are still paper transactions, Supply chain finance is also highly dependent on labor costs
reference materials
network digital currency
On November 9, 2019, the central bank has not launched digital currency
in 2014, the Central Bank of China set up a special research team to conct in-depth research on the framework of digital currency issuance and business operation, key technologies of digital currency, issuance and circulation environment, and legal issues
in January 2017, the central bank officially established the digital currency Research Institute in Shenzhen
in September 2018, the Institute of digital currency built a trade finance blockchain platform
On July 8, 2019, at the launching ceremony of the digital finance open research program and the first academic seminar, Wang Xin, director of the Research Bureau of the people's Bank of China, disclosed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is engaged in corresponding work in organizing market institutions
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benefits of digital currency
the digitalization of central bank's currency helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate. It can also become a new monetary policy tool
at the same time, the central bank can affect the bank deposit and loan interest rate by adjusting the digital currency interest rate of the central bank, and help to break the zero interest rate lower limit
It is not currently available
at present, the Central Bank of China has not issued and approved the digital currency of issuers and investors
However, at the beginning of the year, the central bank held a seminar on digital currency, at which it made it clear that it was necessary to issue digital currency as soon as possible, and the central bank put the issue of digital currency on the agendahowever, so far, the central bank has not issued any digital currency, and Zhou Xiaochuan, the governor of the central bank, said that the time is not ripe to issue digital currency. Moreover, the digital currency issued by the central bank is different from bitcoin, Ruitai, Laite and other digital cryptocurrencies, and the digital currency issued by the central bank is not decentralized
when the central bank issues digital currency, it needs to establish a basic digital currency system. In this system, the central bank is in charge of the digital currency issuing bank, the commercial bank is in charge of the bank, and the public and indivials hold digital wallets. This is not much different from the existing monetary system in essence, but the managed currency is changed from paper money to digital cryptocurrency
in terms of issuing mechanism, there are two modes:
one is the traditional mode of "central bank commercial bank", that is, the central bank issues digital currency from the issuing bank of the central bank to the Bank of the commercial bank. When an indivial withdraws money from the commercial bank, the digital currency is transferred from the commercial bank to the personal digital wallet
another mode is the "central bank public" mode, that is, the central bank can directly issue digital currency from the currency issuing bank to the digital wallet of the public and indivials. In essence, no matter which issuing mode, money is ultimately held by the public, which is the debt of the central bank to the public
when may day arrived, my grandmother asked me to pick cherries at her house. I was so happy that I pestered my father to go immediately. My father was so pestered that he finally agreed to my request. I wanted to fly to my grandmother's house immediately
after a while, we arrived at Grandma's house. I didn't even enter the house, so I went straight to the cherry tree. I looked up and saw that the cherry tree was covered with cherries. Cherries were as bright as crystal, some were red, some were orange, some were white, and some were light red. I didn't have time to take a close look. I picked a handful of cherry trees, washed them with water, and then threw them into my mouth. Suddenly, a fragrance with sour taste drilled into my heart. It was obvious that these cherries were not ripe. I saw that my father and mother picked two big red cherries and ate them so sweet. I was not convinced. I just wanted to pick them again. My father stopped me and said, "red cherries are ripe.". I went up the tree again and picked the big red ones as my father said. After a while, I picked a basket full of cherries, washed them with water and put them into my mouth. They were sweet and not sour at all. I gave them to my grandfather and grandmother. They all said, "Shangwen is so sweet!" My grandparents said it was sweet when they ate the cherries I picked. I thought: next year I'll come to pick cherries to eat
May 1 "Wu Jing, class 6, grade 3, Yantai No.2 Middle School, Zhifu District, Yantai City, Shandong Province. May 1 is labor day, the anniversary of the struggle for freedom of working people all over the world. It's a long-awaited holiday for our students. At the same time, it's another long holiday after the winter vacation. With such a long holiday, I can open my heart and enjoy myself Happily, free to send and control their own time and space
before "May 1" holiday, I discussed with mom and Dad, "May Day" for a long vacation, drove by Dad, went to Shanghai, Suzhou and Hangzhou, and went to Shanghai, Pudong, Yangpu, Dongpu bridge, Oriental Pearl, and "APPEC" site to see the new changes in Shanghai since the reform and opening up. Visit the site of the first National Congress of the Communist Party of China and other places in Shanghai to receive ecation on modern revolutionary history; Go to Huqiu, West Lake and other scenic spots in Suzhou to enjoy the beautiful natural scenery of the south of the Yangtze River; Take a walk in Hanshan Temple and Suzhou gardens to experience the beautiful artistic conception of "midnight bell to the passenger ship". In this way, on the one hand, you can relax your mood and relieve fatigue, on the other hand, you can increase your knowledge, broaden your vision and cultivate your sentiment
unfortunately, Dad had to go out for work ring the May Day holiday, but his original plan was "completely broken". I'm the only one left at home with my mother and daughter. Because I was "upset", it was more than seven o'clock, and the sun was shining, so I lazily dressed and had a good meal. Under my mother's repeated "encouragement", I came to Yantai Mountain with my mother
everyone says that the sea is broad-minded and magnanimous. It's true that if people go to the seaside for a walk and a look when they are "upset and have something unpleasant", the sea can contain everything. When we got to the seaside and saw the endless sea, we suddenly felt that Mao's mind was suddenly open, bright and relaxed, and our previous troubles were immediately washed away
the sea ring road by the sea is like a winding and unlating long dragon winding around the whole coastline. Although the sea ring road is much wider than before, it is still full of bustling, small groups and pairs of people. The roadside trees are green and the flowers and plants are prosperous. It's a feast for the eyes and a feast for the festival
the sky is blue and the sea is blue. The sea is beautiful with gulls flying, sails shuttling and blue waves
the golden beach on the beach seems to be covered with glittering gold from a distance. It's very comfortable to walk on it. My mother and I sang a little song hand in hand and walked leisurely on the soft beach by the sea. Smelling the tempting smell of the sea and the fresh air, we felt much more open and bright
when you look at the sea, it's as if water and sky are connected. There are some snow-white and light gray gulls flying on it, and there are clouds of the same color as gulls floating on it. The moist cool wind blows gently on the sea surface, and the waves roll up and down one by one, layer upon layer. From a distance, it looks like lines of egrets spreading their wings and flying; Like tens of thousands of galloping horses; It's like countless roaring and clawing dragons rushing toward the shore, crashing on the rocks, splashing waves one after another. From a distance, it's like thousands of pure white flowers
there are several speedboats on the sea, which are shuttling back and forth like lightning. The spray on the boat is splashing, which looks very dangerous and exciting. Listen to my mother, they went to Kongtong island for sightseeing. Kongtong island is only a few nautical miles away from Yantai Mountain. It is a natural "Island Park" with luxuriant trees and leaves, flowers and plants competing for glory, birds singing and flowers fragrant; Fishermen are simple, kind, bold and hospitable. They fish on the island. The fish and shrimps are cooked in the ground. They are fresh and delicious. It's very interesting for friends to get together. In particular, there are several uninhabited islands near Kongtong island. From a distance, some islands look like turtles, some like swans, some like reclining Buddhas, some like swans. So far, there are many touching and beautiful legends about these islands among the people
on the stone board on the bank, some people are chatting and laughing. There are also some pineapple bunches peddlers along the road. The peddlers can be heard everywhere. There are several cleaners on the beach who clean the beach with big brooms. I think that if people love and protect the environment like this from now on, Yantai city where we live will be more beautiful and will become the most suitable green home for human beings. I stand by the sea and look at the unlating sea foolishly. I have been intoxicated and attracted by the magnificent sea and the charming scenery around me. I have fallen in love with the boundless blue sea, and I am reluctant to part with it, as if I have an attachment
time flies so fast. Before I know it, my stomach is already making a big noise in the "five viscera Temple" at noon! It's really "beautiful scenery to eat". I was deeply intoxicated by the scenery in front of me. When I watched it, I forgot all the important "things" like eating. But where to eat? Another problem! I suddenly thought of "didi hamburger". When I was in school, I was too busy to enjoy the taste of "didi hamburger" because I had no time to study. Several times when I thought of the tempting fragrance, I was slandering and drooling. I asked my mother to take me to eat, my mother agreed, so we hitchhiked to the gate of "didi hamburger"
my mother and I ordered a lot of our favorite foods, such as French fries, cold drinks, eye-catching, fruit drinks, hamburger set meal and so on. My mother and I chose a window seat and began to taste our "delicious lunch"“ Mom, you eat! Look at this chicken leg. How delicious it is
"Mom doesn't eat, mom isn't hungry, you eat quickly, it's not delicious when it's cold!" All of a sudden, a tender and childish voice sounded in my ear, so I looked in the direction of the voice. It turned out that an innocent little girl who looked only six or seven years old was talking to her mother. Suddenly curiosity touched me, I looked carefully, only to see that they ordered less food than us, such as chicken legs, beef burgers, coke, French fries. The child's mother was staring at her own child. The child was so fragrant and energetic. My mother looked at the child's wolfing and smiling. That smile, looks more happy than eating, but also satisfied. After a while, the child was full, and the child left the chicken legs and chips on the table. The child stood up and patted the rice dregs on his body. "Mom, let's go."“ Wait a minute. " The mother picked up the chicken legs left by the child and chewed them carefully, The child asked in a childlike voice, "it's a pity to lose such an expensive thing." the words seemed to have a sense of inferiority and helplessness. Then, he quickly swept the people around the table with his eyes, and his face turned red. Seeing this scene, my heart was shocked. I finally understood that the mother was not rich because of her family's economic conditions. In order to let her children eat more, she would rather starve herself! I was moved by the mother's "love son" spirit
Yes, mothers all over the world are the same. It's their instinct to love their children. They would rather suffer by themselves than give their children more warmth and love as much as possible. A mother always treats her children selflessly, sincerely, willingly and unrequitedly. Seeing this, I finally understand the profound meaning of "the greatest love in the world is maternal love"! My mother saw that I was in a daze, and then woke me up. At this time, my face had unconsciously shed tears of emotion and emotion. After dinner, my mother and I went home. On the way home, I was still thinking about it
in the afternoon, my parents and I went to Tashan amusement city. We climbed the mountain to enjoy the scenery, took a model plane, played the swing, watched the acrobatic show, visited the zoo, took the slide, pressed the seesaw, and played many interesting projects
on May Day, I had a very full and fun time; Have a good time; Have a good time; It made me understand a lot of knowledge and truth that I didn't learn in books; Let me benefit a lot, deep feeling< The school has seven days off on May Day, so I can play easily<
today, it's sunny and cloudless, and I feel very comfortable with the warm spring breeze. My parents and I went to Century Park to play. It happened that there was an International Music Carnival, which was really a music festival
dad bought the tickets and we ran to the concert hall in a hurry. WOW! So many people! I quickly found a seat to sit down and enjoy the crisp and melodious classical music and the cheerful rhythm of rock. There were bursts of applause from time to time in the venue. When I heard the English version of "mice Love Rice", I couldn't help singing it in Chinese. I thought it was really interesting
the concert ended unconsciously, and I walked out of the venue, but the wonderful music lingered in my ears for a long time.
the central bank has never issued legal digital currency, so it should be cautious
(1) the monetary gold and silver Bureau of the people's Bank of China (PBOC) issued a "risk warning on issuing or promoting digital currency in the name of the people's Bank of China" on its official website, saying that indivial enterprises falsely use the name of the PBOC to label relevant digital procts as "authorized by the people's Bank of China", or falsely claim that the central bank's digital currency promotion team, in an attempt to deceive the public and take the opportunity to make huge profits
(2) the central bank said that at present, the central bank has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency. The so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud
(3) the central bank emphasizes that the legal tender of China is RMB. RMB shall be uniformly printed and issued by the people's Bank of China. No unit or indivial may refuse to pay all public and private debts within the territory of China in RMB. The general public should establish a correct concept of currency, take good care of RMB and jointly maintain the normal circulation order of RMB.