RMB digitization is decentralization
1. For commercial banks and other financial institutions, it is both an opportunity and a challenge. In the future, more innovations such as digital credit, digital assets and digital liabilities will be derived from digital currency, while the non sovereign "digital right currency" will graally cool down. In addition, the central bank can improve the efficiency of monetary operation monitoring and enrich monetary policy means after the issuance of digital currency
2. Issuing the legal digital currency of the central bank will make it possible to collect the data of money creation, bookkeeping and flow in real time. After data desensitization, it will conct in-depth analysis through big data and other technical means, so as to provide a useful reference for money supply, formulation and Implementation of monetary policy, and provide a useful means for economic regulation and control
extended data:
characteristics of digital currency
Central Bank digital currency is quite different from electronic payment in some functions. In the past, the fund transfer of electronic payment instruments must be completed through the traditional bank account, which adopts the way of "account tightly coupled"
and the central bank's digital currency is "account loose coupling", which can be separated from the traditional bank account to realize the value transfer and greatly rece the dependence of the transaction link on the account. The digital currency of the central bank can be as easy to circulate as cash, which is concive to the circulation and internationalization of RMB. At the same time, it can realize controllable anonymity
the essential feature of digital currency is that it can be used as a currency. First, decentralization. That is, you give me money, you are a point, I am a point. The bank is the center. Responsible for transfer and bookkeeping. blockchain has no center. Direct point-to-point trading
the second is anonymity. The two sides do not know who the other side is through Internet transactions
thirdly, it is an account book that cannot be tampered with. Because of the consensus mechanism, POW obtains the bookkeeping right to form a block. In other words, you and I can only find that the transaction is recorded in a block, but it cannot be tampered with
Digital RMB is owned by the central bank. The people's Bank of China. It's just blockchain technology. Electronic RMB is more accurate.
The strategic significance of the development of digital RMB
I'm still looking forward to digital RMB. With the number of RMB, I can see that my money is becoming less and less. This money is no longer a number, as evidenced by the photos. The third-party payment platform we are using now, all of our amounts are just a number. When we spend money, we can only see the number, but we can't see the change of our own money. So I am looking forward to digital RMB{ RRRRR}
I'm looking forward to every new instry, because I believe their arrival will make our life more and more convenient. With digital RMB, I can pay attention to the dynamics of my money at any time, and I also believe that my savings will become more and more