M1 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

extended data

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

3.

At 8:00 on October 11, Shenzhen & lt; Enjoy Luohu digital RMB red envelope & quot; At the end of the appointment, the system successfully completed the pilot appointment registration, which is an important step in the development process of digital RMB. Adrian said: & lt; China's digital currency pilot leads the world, and the IMF pays close attention to the pilot situation of China's digital currency in some urban areas& rdquo; From the perspective of monetary statistics, the central bank's digital currency belongs to the category of M0, that is, cash, not M1 or m2. Therefore, he does not think it is necessary to worry about the impact on banks in the initial stage{ RRRRR}

overall, the impact of digital RMB on China's financial system will be all-round, and the development of China's digital system will usher in a new era

4. You can call the police, because many of the digital currencies issued in China are illegal fund-raising activities. The Ponzi scheme in the guise of blockchain usually means that the people in front earn the money of the new entrants in the back, and the platform profits from it. However, these funds have a running cycle, and they will collapse when the time comes
2. Digital currency is an alternative currency in the form of electronic currency. It is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community

it is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currencies, such as bitcoin, lightcoin and ppcoin, are electronic currencies created, issued and circulated by means of check sum cryptography
on October 13, the International Monetary Fund predicted that global GDP would shrink by 4.4% in 2020, up 0.8 percentage points from the forecast in June. This year, China remains the only major economy the IMF expects to achieve positive growth< Tobias Adrian, head of the IMF's monetary and capital markets department, said in an exclusive interview with China first finance and economics reporter recently that China's economic recovery is leading the world, while the pilot of the central bank's digital currency (DCEP) is leading the world. He believes that at present DCEP is still focusing on M0 (cash in circulation), which has little impact on banks. In the early stage, DCEP will pay more attention to the application in China. In the future, as more countries begin to pilot central bank digital currency (CBDC), the cross-border use and convertibility of CBDC will be concerned

recently, the promotion of global central banks' digital currency is accelerating. Some mainstream central banks have changed their conservative attitude in their early years and accelerated the research on CBDC. China has taken the lead in carrying out relevant pilot projects. At 8:00 on October 11, Shenzhen "Lixiang Luohu digital RMB red envelope" booking ended, and the system successfully completed the pilot booking registration, which is an important step in the development process of digital RMB

Adrian said: "China's digital currency pilot is leading the world, and the IMF is closely following the pilot situation of China's digital currency in some urban areas." From the perspective of monetary statistics, the central bank's digital currency belongs to the category of M0, that is, cash, not M1 or m2. Therefore, he does not think it is necessary to worry about the impact on banks in the initial stage.

5. Digital currency is just some virtual currency, which is different from our paper currency. It only exists in numbers, but it also plays the same role as paper currency.

6. Should be to see the digital coins in the future market prospects, so at this stage to seize the market!

7. In theory, digital currency can work, but in fact, it still needs a long way to go to replace paper money with digital currency. Although the central bank's digital currency plan has completed two rounds of revision, it is still in the theoretical stage and has not been put into practice
the replacement of paper money by digital currency can only be realized in the eastern coastal developed areas and some big cities, but it is unrealistic in some remote areas, and the infrastructure can not keep up
bitcoin, lightcoin and decent are known as global circulation, but in fact, the scope of circulation is very limited.