Report on the use of digital currency

4. Two people try to think about the virtual currency and digital currency in the report, because it's all clear. Thank you for writing the summary

5.

The role of digital currency:

1. First of all, the central bank's digital currency can provide a huge data base for monetary policy and macro Prudential policy, so that the regulatory authorities can collect real-time trading books of different frequency and different institutions according to their needs, and it is complete and real. This information advantage can help the central bank use policy tools more accurately and flexibly

Secondly, the central bank's digital currency technology can track the flow of funds and help the regulatory authorities to comprehensively monitor and assess financial risks. Finally, the central bank's digital money technology is concive to the transmission of interest rate of monetary policy. Digital currency technology supports "point-to-point" payment and settlement, which can improve the liquidity of market participants. Only the digital currency of the central bank, which is generally accepted by the whole society, can radiate this advantage to the participants of different financial markets, so as to improve the liquidity of financial markets. This will make the term structure of interest rate smoother and the transmission mechanism of interest rate smoother

extended data:

digital currency can be considered as a virtual currency based on node network and digital encryption algorithm. The core characteristics of digital currency are mainly reflected in three aspects: because it comes from some open algorithms, digital currency has no issuing subject, so no one or institution can control its issuing; Because the number of algorithm solutions is fixed, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by the overuse of virtual currency; Because the transaction process needs the approval of each node in the network, the transaction process of digital currency is safe enough

6.

Digital RMB is the legal tender in digital form issued by the people's Bank of China. It is operated by designated operating institutions and exchanged to the public. Based on the generalized account system, it supports the loose coupling function of bank accounts, is equivalent to banknotes and coins, has value characteristics and legal compensation, and supports controllable anonymity{ RRRRR}

that is to say, like cash, we should not only provide a wide range of digital RMB services to the public in the future, but also ensure that all the public can easily obtain and use digital currency. Mu Changchun pointed out that in the process of issuing digital RMB, on the one hand, all commercial banks should participate in the circulation service; On the other hand, it is also necessary to ensure that all people, including the poor areas and the digital vulnerable groups, are provided with inclusive and easy-to-use digital central bank currency to avoid the digital divide and financial exclusion& ldquo; We have also been developing digital RMB procts suitable for the elderly and those who exclude the use of intelligent terminals& rdquo; He said

7. Drive north from the bus station to the turntable of the national land building and go straight West