Central bank issues digital currency LCF
As of September 2019, the central bank's digital currency has not been issued
the development history of the central bank's digital currency is as follows
in 2014, the Central Bank of China set up a special research team to conct in-depth research on the framework of digital currency issuance and business operation, key technologies of digital currency, issuance and circulation environment, and legal issues faced
in January 2017, the central bank officially established the digital currency Research Institute in Shenzhen
in September 2018, the Institute of digital currency built a trade finance blockchain platform
On July 8, 2019, at the launching ceremony of the digital finance open research program and the first academic seminar, Wang Xin, director of the Research Bureau of the people's Bank of China, disclosed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is engaged in corresponding work in organizing market institutionson August 2, 2019, the central bank said at the second half of 2019 work video conference that it would speed up the research and development of legal digital currency
on August 10, 2019, Mu Changchun, deputy director of the payment and Settlement Department of the central bank, said at the Yichun forum of 40 people of China finance that "the central bank's digital currency can be said to be ready"
on August 18, 2019, the CPC Central Committee and the State Council issued their opinions on supporting Shenzhen to build a leading demonstration zone of socialism with Chinese characteristics, which mentioned supporting innovative applications such as digital currency research in Shenzhen
on August 21, 2019, the official micro blog of the people's Bank of China released two articles on digital currency. One is fan Yifei, vice president of the people's Bank of China, who was published in January 2018, talking about some considerations of digital currency of the people's Bank of China. The other is mu Changchun, deputy director of the Department of payment and settlement, who delivered a speech in Yichun on August 10
extended data:
practical significance
the digitalization of central bank's currency helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate
can also become a new monetary policy tool. At the same time, the central bank can affect the bank's deposit and loan interest rate by adjusting the central bank's digital currency interest rate, and help break the zero interest rate lower limit
operation system
fan Yifei, vice governor of the people's Bank of China, said in the article that the digital currency of the people's Bank of China should adopt a two-tier operation system. This model does not change the relationship between creditor's rights and debt of currency in circulation, does not change the existing money supply system and al account structure, does not constitute a competition for commercial banks' deposit currency, and does not increase commercial banks' dependence on the interbank lending market
will not affect the lending ability of commercial banks, and will not lead to the phenomenon of "financial disintermediation". At the same time, because it does not affect the existing monetary policy transmission mechanism, it will not strengthen the pro cyclical effect under the pressure environment, and it can improve the convenience and security of payment, and it also has the credit advantage of central bank endorsement
On November 9, 2019, the central bank has not launched digital currency
in 2014, the Central Bank of China set up a special research team to conct in-depth research on the framework of digital currency issuance and business operation, key technologies of digital currency, issuance and circulation environment, and legal issues
in January 2017, the central bank officially established the digital currency Research Institute in Shenzhen
in September 2018, the Institute of digital currency built a trade finance blockchain platform
On July 8, 2019, at the launching ceremony of the digital finance open research program and the first academic seminar, Wang Xin, director of the Research Bureau of the people's Bank of China, disclosed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is engaged in corresponding work in organizing market institutions
extended data:
benefits of digital currency
the digitalization of central bank's currency helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate. It can also become a new monetary policy tool
at the same time, the central bank can affect the bank deposit and loan interest rate by adjusting the digital currency interest rate of the central bank, and help to break the zero interest rate lower limit
replace physical cash, rece the cost of issuing and circulating traditional paper money, and improve the convenience and transparency of economic transactions.
China's Internet of things LCF digital currency has been defined as fraud, pyramid selling and illegal fund-raising. Police in many places gave warning, involving a statement issued by the Rothschild group and a notice issued by the central bank that no digital currency was released
the following is an authoritative media report:
a few days ago, the netizen "Shanshui" received a message about "LCF". He was not sure whether there was something fishy in it, so he asked Weihai evening news for confirmation
the information is as follows: "LCF Internet of things group, specifically, is a comprehensive platform of Internet of things + virtual digital currency + original stock + consumption rebate jointly built by the Chinese government and the Rothschild family. It is a wealth platform tailored for the Chinese people. In the early stage, the Rothschild family made profits of 1 billion and gave points to high-quality members, At present, there is a chance to get 1000-20000 points before the opening, 1 point and 1 LCF = 3 yuan
after the preferential period, the person who gets the number means that he can register as a member. If the registered member succeeds, he can see the company's free bonus points on his own account. What can integral do
the free points can be circulated in the platform for shopping, tourism and insurance. After the official opening, the platform will connect 50000 shops, 100000 kinds of famous and high-quality procts at home and abroad, 100 types of grounding gas insurance, and 500 boutique tourism routes. Early gift points, we are zero investment, zero risk, do not pay a cent yo
the reporter consulted the Economic Investigation Department of Weihai Public Security Bureau for this purpose. The economic investigation department said that the project has been confirmed by many domestic police as suspected of illegal pyramid selling and illegal fraud, and its communication mode conforms to the definition of pyramid selling. The main targets are housewives and middle-aged and old men who don't know much about the Internet
through the registration of free virtual points, posts and other incentives to join the organization, and constantly develop offline, in exchange for the so-called virtual points. After entering the group, first modify the nickname, report personal data, and brainwash through text, lectures, voice sharing, and then carry out fraud. When people encounter this kind of information, they must be alert and not fall into a trap
December 23, 2016; CO) once again warned the Chinese public about an informal fund-raising activity calling itself the "Rothschild family LCF project"
the fund-raising activity claims to invest in projects related to virtual currency and "Internet of things". Investors should note that the informal fund-raising activities are suspected of falsely using the name of "Rothschild" to make fictitious and informal connections
according to the information currently obtained by Rothschild group, the informal fund-raising activity has been spread by unknown people on wechat, Sina Weibo, Tencent QQ and other Chinese social platforms. Initially, the event led the public to www.hlcf586cn.com Website registration account to invest in "LCF points"
the website has been banned, but we believe that articles and content related to the fund-raising activities are still spread on social platforms. The informal fund-raising activity claims that it will pay dividends in stages according to the time of investors' participation, which is very similar to the Ponzi financial fraud. This informal fund-raising activity is believed to have been in operation nationwide for several months
neither the Rothschild group nor any member of the Rothschild family (also translated as "the Rothschild family") is associated with this fund-raising activity. Rothschild group has taken a series of measures to remind the public to be careful of the informal fund-raising activities under the name of "Rothschild". The measures taken by Rothschild group include:
1. Issuing a public statement on the official website of Rothschild group to warn investors that Rothschild group has no connection with the informal fund-raising activities
2. Contact with domain name suppliers and social networking platforms such as Tencent, Sina and wechat, and ask to close fund-raising websites, delete false publicity information and control new information
3. Inform the relevant regulatory authorities in mainland China and Hong Kong and update them with the latest progress in real time
4. Issue an online statement to warn the Chinese public to distinguish the informal fund-raising activities that use the name of "Rothschild" cautiously
5. Issue a statement to the Chinese media to warn the Chinese public not to believe in informal fund-raising activities under the name of "Rothschild"
the group will continue to work closely with regulators to deal with this matter. Rothschild group suggests that the Chinese public who have participated in the informal fund-raising activities should contact the local police immediately. Rother strongly recommends that all the public who are encouraged to participate in the informal fund-raising and spread the informal information report to the police