Epidemic prevention and control or speed up digital currency
in fact, the country has been studying the field of digital currency, and digital currency and blockchain are the future development trend. As for when to issue, we can only say that when the time comes, it will be issued naturally. We need to ensure the steady operation of the financial economy.
The main reasons for China to accelerate the pace of promoting digital RMB are as follows:
Third, Digital monetary policy is more transparent, which is concive to strengthening the stability of the entire monetary system digital currency has other advantages, which can make monetary policy more transparent. Economics generally believes that monetary policy should strengthen the monetary transmission mechanism, and the implementation of monetary policy should be systematic and transparent, so as to strengthen the stability of the whole monetary system. The issue of digital RMB provides a very good opportunity to improve the transparency of the central bank's monetary policy framework. Through digital currency, central banks can provide a lasting, credible and transparent nominal anchor for the economic system
Fourthly, it makes it easier for the state to supervise the flow of funds and facilitate the state to levy taxesDigital currency appears and has more and more influence, but it is impossible for digital currency to become a unified currency and replace paper currency unless governments unite, because it is a conflict between national interests{ RRRRR}
we assume that one day digital currency will be unified, and it can become a good medium for intermediate exchange, avoiding the risk of foreign exchange filtering. Of course, it stabilizes the international financial system and avoids the huge losses of buyers and sellers caused by foreign exchange fluctuations, which is of great benefit to the development of international trade, but the disadvantage is that, Whether this thing is reliable or not depends on time. not all countries recognize this thing. If people don't recognize this currency, they won't trade with you. This is also possible
will definitely make it more convenient, and the digital currency will see more of him than we do with WeChat payment, and he will not receive a dection from the third party WeChat or Alipay, so his currency in this respect is still better. Third, we can do more if we can make the economy develop better< p> Finally, we can make digital RMB better replace our paper money, rece the utilization of resources to a certain extent, and bring the maximum benefit from the shore
In recent years, with the rapid development of mobile payment, many consumers have gone out without cash or bank card, and only one mobile phone can meet the demand of micro payment. Mobile payment is so convenient, why launch digital RMB
this activity will issue RMB 10 million digital red envelopes to indivials in Shenzhen, with the amount of each red envelope being RMB 200 and the total number of red envelopes being 50000
this pilot is an innovative practice to stimulate consumption and stimulate domestic demand ring the normalization of epidemic prevention and control in Shenzhen, and it is also a routine test in the process of digital RMB research and development{ RRRRR}
Digital RMB pilot is accelerating the application landing. With the continuous improvement and optimization of customer experience, it is expected to bring more convenient, efficient and safe payment experience to the public
the people's Bank of China recently published a commentary in China Finance magazine, saying that China needs to become the first country to issue digital currency to promote the internationalization of RMB and rece its dependence on the global dollar payment system
The reason for China to accelerate the promotion of digital RMB is to protect the currency sovereignty and legal currency status, and lead the new international financial pattern
1
Bai Liang, executive vice president of digital assets research institute, said:
first of all, from the perspective of international competition, cryptocurrency represented by bitcoin and Libra (Libra) and other global stable currencies are trying to play the role of currency and finance. These cryptocurrency assets deal with transactions in a decentralized way, which will challenge a country's monetary sovereignty. The introction of digital RMB has the purpose of protecting currency sovereignty and legal currency status
secondly, from the perspective of the domestic financial environment, the introction of digital RMB is to adapt to the rapid development trend of mobile payment, at the same time, it also takes into account the inclusive nature of finance, to avoid the deepening of financial exclusion, and it is a public good to truly serve the majority of the people. Secondly, digital RMB can also identify and crack down on money laundering, tax evasion and other criminal acts to a certain extent, so as to ensure the stability of financial order
2. Lead the new international financial pattern
at present, legal digital currency is becoming a "new battlefield" in the competition among sovereign countries. The introction of digital RMB has a profound impact on financial and economic activities in the digital era
first of all, digital RMB helps to form a new international financial pattern and help RMB internationalization. To protect national currency sovereignty and legal currency status is the primary goal of digital RMB issuance
secondly, the introction of digital RMB helps to improve China's financial efficiency and optimize the allocation of resources. Ba Shusong, chief economist of China Banking Association, believes that legal digital currency can achieve a closer combination of monetary policy and fiscal policy. Through the smart contract with "conditional trigger mechanism", it can limit credit subjects and use scenarios, achieve accurate loan delivery, avoid capital idling, and achieve a more efficient macro-control system
thirdly, digital RMB brings new development opportunities for economic and financial activities based on digital technology. Bai Liang believes that digital RMB can become "data" from all aspects of issuance, circulation, storage, investment and cross-border flow, which has opened up the last mile for financial technology companies to use big data, blockchain, artificial intelligence, cloud computing and Internet of things to link and process these data
Digital RMB, abbreviated as "DC / EP", is the abbreviation of digital currency and electronic payment, which shows that digital RMB is not only a currency, but also an electronic payment tool. Instry insiders pointed out that when discussing digital RMB, we should first confirm that its basic attribute is currency, which is the composition and supplement of the existing legal currency system, and then it is a digital payment tool
Based on this, China's digital RMB system adheres to the basic principles of cash (M0) substitution, double-layer delivery and controllable anonymity
first of all, the Central Bank of China locates the digital RMB as M0 substitution, which is different from the decentralized characteristics of private digital currency. The issuance of digital RMB is managed by the central bank, and the issuer is the people's Bank of China
secondly, the double-layer delivery mechanism means that the central bank is responsible for the delivery and return of digital currency, but the central bank does not directly connect with consumers, but applies to the central bank for the exchange of digital currency through commercial banks, which provide the central bank's digital currency and corresponding services to the public
thirdly, from the perspective of payment data privacy protection, digital RMB realizes "controllable anonymity" based on encryption technology. Wu Tong, member of the academic and Technical Committee of digital assets research institute, introced that privacy protection technology can ensure the security of user data, avoid the disclosure of sensitive information, and not damage the usability; At the same time, it realizes the management of the use rights of the relevant data, ensures the traceability under certain conditions, and only the central bank can obtain the full amount of user identity information and transaction flow
in fact, the core attribute of bitcoin, which was the first to practice the concept of digital currency, is that the total amount of bitcoin can be controlled, so it can be used to measure the value of other commodities rather than being determined by other commodities. Of course, in terms of nature, bitcoin is a specific virtual commodity, which does not have the same legal status as currency and cannot and should not be used as currency in the market
therefore, from a strategic perspective, under the background that informatization and digitization have become one of the main trends of economic development, the issuance of sovereign digital currency is the general trend.
I think there are several reasons for the country to accelerate the promotion of digital currency:
first, digital currency is an important part of national security{ RRRRR}
although we have not yet seen the true face of digital currency, I believe that China's digital currency will shine in the world
On the morning of March 19, the Information Office of the State Council held a press conference. According to the data released at the conference, the number of Internet users in China has increased to 989 million, and the Internet penetration rate has reached 70.4%
Introction by Yang Xiaowei, deputy director of the state Internet information office; The 13th five year plan; During this period, we took the lead in the scale of information infrastructure in the world. Our country has built the world's largest optical fiber network and 4G network, and the number of Internet users has increased from 688 million at the end of 2015 to the end of last year; The 13th five year plan; At the end of the year, the Internet penetration rate increased from & lt; The 12th Five Year Plan; 50.3% of the end of the year reached & lt; The 13th five year plan; 70.4% of the total{ RRRRR} China's network infrastructure has been further optimized and upgraded, and the Internet penetration rate has exceeded the planning target ahead of schele. By the end of 2019, the penetration rate of fixed broadband families and mobile broadband users will reach 91% and 96% respectively. As for the fact that the penetration rate of optical fiber users in China ranks the first in the world, it is mainly the action of speed-up and fee rection continuously promoted by the three major operators. This is also the task of MIIT for mobile telecom and Unicom, and of course, it is also the assessment of their performance