Zhou Xiaochuan digital currency Seminar

1. The central bank has never officially issued a digital currency, and now it is only studying it, and it needs to carry out a pilot project. Any digital currency under the banner of the central bank is a fraud organization, and many of them are pyramid schemes

2. Zhou Xiaochuan believes that bitcoin's blockchain technology has great potential. Zhou Xiaochuan compares bitcoin to a tradable asset like a stamp. Bitcoin is not issued by the central bank, which has no right to ban it. The central bank also plans to launch digital currency, which defines bitcoin as a special Internet commodity that people can buy and sell freely at their own risk
other well-known digital currencies include Leyte, Ruitai, doggy and so on.

3. At the Boao Forum for Asia held in April this year, Zhou Xiaochuan, governor of the central bank, said that since digital currency is not the currency initiated and approved by the central bank, it is impossible to ban it. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment

4. Zhou Xiaochuan, the governor of the central bank, said at the Boao Forum for Asia that virtual currency is not a currency approved by the central bank and can not be banned. Since digital currency is not the currency initiated and approved by the central bank, it can not be banned. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment.

5. How can it be a person, this is initiated by the central bank. The nature of digital money is still the same as paper money. It is a national credit. Zhou Xiaochuan has the final say that the central bank's digital money research team will do it, and it will be effective after approval by the State Council.

6.

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 agenda

however, 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

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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

7. 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.

8. You have met a pyramid scheme fraud organization. The central bank has never issued digital currency. Any digital currency is illegal in China

9.

The rise of the Internet has not only changed people's lives, but also greatly changed our way of payment, which greatly facilitates our lives. This time, Zhou Xiaochuan, vice chairman of the Boao Forum for Asia and former president of the people's Bank of China, was at the Boao Forum for Asia & lt; Digital payment and digital currency; On the sub forum, the topic of digital currency was mentioned, which also showed the country's attitude towards digital currency

What are the difficulties in cross-border payment of digital currency

e to the exchange rate difference between the currencies of various countries, especially the massive issuance of US dollar by the United States, many countries have lost a lot. However, if digital currency is used for cross-border payment, there will be no such problem. However, the original intention of digital currency is not cross-border payment, but to facilitate China's retail instry. Many people see that digital currency is so convenient in China, so it can be applied to cross-border payment. However, cross-border payment is not so simple, because exchange rate and currency stability need to be considered, and even some countries have certain control over foreign exchange. Therefore, the road of cross-border payment of digital currency is still very long, and these problems can not be solved at present, So the difficulty is great