Danish government issues digital currency

1.

The digital currency of the central bank is DCEP

the name of the digital currency developed by the central bank is DCEP (digital currency electronic payment). DC is digital currency. EP is electronic payment. Payment transmits digital things through a certain way, not paper currency. Therefore, electronic payment itself has the attribute of digital currency

The characteristics of digital currency are: low transaction cost; Fast trading speed; Highly anonymous

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Application of digital currency

I. fast, economic and safe payment and settlement

cross border payment helps RMB internationalization. In 2015, the settlement volume of cross-border payment involving current account is about 8 trillion yuan. To accelerate the internationalization of RMB, cross-border payment and settlement procts and solutions with low cost, high efficiency and low risk are needed

At present, there are still a lot of repetitive human work in the bank's electronic loan process and processing process, and as the basic support of loan issuance, many of the collateral has the situation of false pricing or multiple or even no collateral. We can consider using digital currency to price and track bank collateral:

3. Bill finance and supply chain finance

in recent years, various bill market businesses based on commercial bills have grown rapidly, and bill financing procts have become a hot area of Internet financing. However, about 70% of the current bill businesses in China are still paper transactions, Supply chain finance is also highly dependent on labor costs

reference materials

network digital currency

2. You have all been cheated. The government will not support you
at present, our government does not support any kind of digital currency, any kind of digital currency is not favored by the government, and it is impossible for the government to support or recognize any kind of digital currency. However, digital currency exists legally in China and is defined as a special Internet commodity
digital currency has indeed attracted the attention of the central bank, which also planned to issue digital currency. However, the digital currency that the central bank plans to issue is different from the encrypted digital currencies such as bitcoin, Ruitai and Laite.

3. At present, no country in the world is fully operating virtual currency. However, in South America, some countries have issued their own virtual currency as a supplement to the existing monetary system

it is reported that the Ecuadorian government will soon adopt digital currency as a supplement to its dollar based real currency system

the Ecuadorian government is going to adopt digital currency instead of popular bitcoin. In fact, Ecuador will implement its own electronic currency system, officially known as "sistema de dinero electric" ó "Nico", Ecuadorian officials said that the digital currency is only a supplement to Ecuador's real currency, but some experts seem to think that there may be other motives for this move

Ecuador is not the only country to use digital currency. Sweden is also using digital currency, but the difference is that Ecuador's digital currency is run by the government itself, which can't help raising doubts. Of course, Ecuadorian officials guarantee that Ecuador's financial system will maintain the status quo, and e-money will only supplement the existing monetary system

since 2013, the popular virtual currencies are bitcoin, Fuyuan coin, Laite coin, doggy coin, Ruibo coin, Yuanbao coin and so on.

4.

Let's talk about the policy changes and application conditions of Estonian license since March 10, 2020:

Estonia is one of the first countries to issue ICO in the name of a country. Estonia licenses cryptocurrency transactions. Cryptocurrency operation is permitted by other payment instruments (since August 12, 2017, it is designated as "virtual value"), remember that it is legally permitted. On December 8, 2017, Estonia officially issued a cryptocurrency trading license

Estonia is one of the 28 member states of the European Union, and belongs to the European Union as well as Malta, where the currency is located. It is planned to issue a digital cryptocurrency endorsed by the state. More and more businessmen choose to carry out crypto trading in Estonia, and at the same time carry out many other continuity businesses here. Therefore, the number of encryption projects started in Estonia is increasing

5. Sweden does not issue digital currency
in Sweden, money is not issued by the government, but by private companies. At present, 80% of transactions in Sweden are made through electronic payment. Generally speaking, this means that the crime rate will be reced because the robbers have no way to get cash from someone or from the bus or even the bank
the cost of capital management is reced because there is no cash to transport and store
privacy is reced because e-payment companies are familiar with what their customers need
with the increasing dependence on technology, when the trading system is offline, people take other trading means
in the past few decades, the fraud rate in Sweden has continued to rise, which may provide a reason for adopting electronic payment measures
Digital cryptocurrency can bring many benefits to the electronic payment of private enterprises, such as increasing privacy and security. Compared with traditional electronic payment, digital currency is anonymous, but the ownership can be deciphered by a third party
here are several good methods: coinjoin can integrate multiple transactions; Coinswap can carry out very complex transactions, including two third-party transaction information, adding security protection on the blockchain. These methods can prevent privacy from being attacked. The whole system can be built on digital currency to improve its security
another advantage not mentioned above is that digital currency cannot be forged, which means there will be no counterfeit currency. However, there are risks in digital currency, such as the recent price fluctuations of Ruitai and Weimeng currencies.

6. Countries are studying and analyzing the feasibility of digitizing their own currencies. Maybe Sweden will become the first country without cash flow< p> Sweden, the Nordic country, has always been regarded as a very conservative country. In fact, as early as many years ago, the proportion of people in their own countries using cash continued to decline. For example, if you buy a snack or a newspaper in a private store such as a buffet, the owner will directly display a card reader connected to his bank card, that is, the account of the bank card to which the money is remitted. In the absence of electronic payment terminals such as Alipay and WeChat, they use this way to avoid using cash. p>

because a slight error will affect the operation of the whole financial system, when you give up cash payment and completely rely on digital cryptocurrency, it means that there is no plan B when the system encounters a bug