Fengtai digital currency
Policies and regulations
In the official letter of Xiangcheng District of Suzhou, enterprises, institutions and management committees of Xiangcheng District are required to sign a digital currency agreement with the wage paying bank, install digital wallets for all staff (except retirees), and pay 50% of the monthly salary in the form of digital currency
this is the first practical application of the central bank's digital currency since the R & D news, which is a historical moment worth remembering
let's review the development of DCEP:
in 2014, the central bank set up a special research group on legal digital currency
in 2016, it set up a digital currency Research Institute on the basis of the original group
in June 2018, it set up Shenzhen Financial Technology Co., Ltd.
in August 2019, the central government issued a document to carry out digital currency research and mobile payment pilot in Shenzhen
on October 29, 2019, At the "2019 Bund financial summit", Huang Qifan, vice president of China Center for international economic exchange, said: "the digital currency DCEP launched by the Central Bank of China is a new crypto electronic currency system based on blockchain technology." This is the debut of DCEP
On April 3, 2020, in the "national teleconference on money, gold, silver and security work", the central bank said that it would "unswervingly promote the research and development of legal digital currency" On April 10, Zhou Xuedong, director of the general office of the people's Bank of China, pointed out at the "first quarter financial statistics press conference" that "with regard to digital currency, the people's Bank of China is advancing in an orderly manner according to the original plan."on April 14, the central bank's digital currency DCEP took the lead in the internal test of ABC
on April 16, Xiangcheng District of Suzhou realized the implementation of the first application scenario of central bank's digital currency DCEP, using "digital wallet" as the payment channel and issuing it in the form of transportation subsidies
judging from various actions, the central bank's plan for digital currency is well prepared and in an orderly and continuous progress
why DCEP
from the national level, it is well known that the macroeconomic regulation and control means of sovereign countries are mainly through monetary policy and fiscal policy, just like the current global lack of liquidity e to the epidemic, China's economy is stimulated by interest rate rection and government spending, but the funds are transmitted layer by layer, and there are few funds really used for the target range
if we use the central bank's digital currency system, we can analyze and track a large number of transactions, and use the most direct and efficient means to put funds where they need, so as to release liquidity and benefit the people
from the international level,
the use of blockchain technology can realize the review of national credit and increase the credit of the country's monetary system. With the increase of GNP, credit must also increase, and the process of RMB internationalization will be more rapid
this is very simple to understand. Blockchain technology makes it impossible for asset certificates to be forged and makes credit verifiable, which is naturally concive to RMB internationalization
Last year, the World Bank Group and the International Monetary Fund (IMF) issued a report that up to now, nearly 70% of the central banks are studying the digital currency of the central bank, which also shows that the digital wave is the general trend. At present, the central bank's digital currency DCEP is likely to be used on a large scale ahead of other countries in the world, and the era of digital currency is comingthe era of digital economy is getting closer and closer
today's era is a digital era. With the comprehensive rise of technological innovation and digital economy, science and technology has changed from the initial role of a tool to the backbone of financial reform. The continuous collision and integration of digital five complete genes (whole airspace, whole process, whole scene, full analysis, and full value) and financial instry not only changes the settlement and settlement methods and sovereign currency issuance mechanism among indivials, enterprises, and countries, but also greatly improves the operation efficiency of instrial chain, and brings the development of the whole economic society and human progress
if blockchain technology will "genetically transform" all walks of life, then digital currency will "genetically transform" the financial instry. Looking forward to the future, the in-depth integration and transformation of traditional instries by blockchain, artificial intelligence, cloud computing, Internet of things and other technologies will lead us into a new era of digital economy
in short, the era of digital economy is getting closer and closer to us
the implementation of the central bank's digital currency is bound to bring disruptive changes to the existing financial market and breed huge wealth opportunities. The future has come, the wind has come, keep up with the pace of the instry, accurately grasp the future trend, and quickly seize the blue ocean of wealth business
Suzhou will open on December 12; Double 12 Suzhou Shopping Festival & quot; Activities. Just recently, Suzhou announced that it would issue a total of 20 million yuan of digital RMB consumption red envelopes to the citizens who meet the requirements. The amount of each red envelope is 200 yuan, a total of 10 red envelopes. The distribution method is lottery. At that time, some of the citizens who signed up for the lottery will participate in the offline wallet experience. Perhaps most of them, after seeing this news, are envious of the Suzhou people; What is digital RMB; This question will be raised again and again. So, what is the digital RMB? What is the difference between Alipay and WeChat, which we usually use? The three points above strong>
are the main differences between the digital Renminbi and Alipay and WeChat. In addition, the emergence of digital renminbi will not threaten the existence of Alipay or WeChat. The digital renminbi will not completely replace banknotes in a short time. After the official launch of the digital renminbi, the public can choose to use traditional banknotes or digital Renminbi by themselves. It is reported that since May, in some areas of Suzhou, a small part of civil servants' wages have been paid in digital RMB, while most of the rest are still paid in traditional ways, so the two are not contradictory
Beijing's Chaoyang District issued a document banning any venue from hosting virtual currency promotion activities, the daily said on August 23. Fengtai District Financial Office of the coordination section of the relevant people confirmed to the financial Associated Press, Beijing to the area of shopping malls, office buildings, hotels and other places, issued a red headed document, asked not to undertake any virtual currency promotion and propaganda activities“ According to the unified requirements of Beijing Municipality, all district financial offices have issued notices to relevant units and streets in the early stage
previously, it was reported that the office of the leading group for financial risk prevention and control in Chaoyang District issued a red headed document to the shopping malls, office buildings, hotels and other places under its jurisdiction, requiring that it should not undertake any virtual currency promotion and propaganda activities
The second type is the special currency issued by the portal website or instant messaging tool service provider to purchase the services in the website. The most widely used is Tencent's q-coin, which can be used to purchase membership, QQ show and other value-added services. There is no exchange relationship between these virtual currencies and legal currencies, and they can only be obtained and used in the online communitythe third kind of virtual currency on the Internet
such as bitcoin (BTC), Wright money (LTC), etc. bitcoin is an electronic currency proced by open-source P2P software. Some people also translate bitcoin as "bitcoin", which is a kind of network virtual currency. It is mainly used for Internet financial investment, and can also be directly used in daily life as a new currency. These virtual currencies can be exchanged with legal tender, and can also be used to purchase virtual and real goods or services