Xiao Lei's digital currency in 2020
with the upgrading of payment methods, we can eat, take a taxi and go to the supermarket without cash. The amount of cash needed in circulation is getting smaller and smaller. Can we replace paper money with a virtual digital currency? This is not a whim. The central bank recently said that the research on digital currency has achieved phased results, striving for the early issuance of digital currency. If the digital currency is successfully issued, it will not only make people's living and payment more convenient, but also increase the transparency of economic transaction activities for the country. So, how far is digital currency from us< Not long ago, the people's Bank of China revealed that a special research team had been set up in 2014 to conct in-depth research on digital currency issuance and business operation framework, key technologies of digital currency, issuance and circulation environment, etc
what is digital currency? Many people may be unfamiliar with this. There is no official definition of digital currency. According to the instry, the digital currency referred to by the central bank should be the electronization of RMB. At present, people's daily third-party payment behaviors such as bank transfer and yu'ebao are all related to digital currency. Digital currency in a broad sense includes unofficial virtual currency, such as bitcoin, which was popular before
here we also need to mention a new term called "blockchain technology", which is a new technology of the Internet. Digital currency is supported by blockchain technology, which is characterized by "decentralization", that is, taking away the centralized control of an institution over the issuance of currency. Yu Fenghui, a financial critic, said that the trust problem in the virtual economic system can be solved through blockchain technology. Taking bitcoin as an example, it is not issued by a specific monetary institution, but is generated by the transaction volume of network nodes, and is single, traceable and traceable after it is put into circulation. All funds are very transparent where they come from and where they go
a more familiar form of digital currency should be electronic RMB, which has infiltrated into various consumption scenarios of electronic payment. There is no need to repeat the impact and subversion of electronic payment on our lives. Credit card payment and code scanning payment have greatly reced the space for the use of paper money. It can be seen that the progress of technology has graally forced the withdrawal of paper money
the new favorite of the financial system
the attitudes of all countries towards digital currency are changing. It is reported that DNB, Norway's largest bank, recently called on the government to stop using cash completely. In fact, several banks in Norway have closed some branches' cash business. Only three branches of DNB have counter cash business. Other Norwegian banks are also phasing out cash transactions. According to statistics, only 6% of Norwegians still use cash every day, most of them are the elderly
not only Norway, but also the world is moving towards the era of digital currency. According to Xiao Lei, chief researcher of gold wallet, many institutions, including Nasdaq Stock Exchange, Goldman Sachs and modern, began to invest in the research because of the continuous impact of digital currency represented by bitcoin on the world financial system. It is found that the blockchain technology used in digital currency can bring convenience and rece costs to many institutions, and there are cases that can be applied to the real economy. This gives more countries and institutions the incentive to invest in blockchain technology and digital currency
in China, some institutions have shown great interest in it and invested in research. It is understood that Alibaba Finance announced that it may provide a cloud service platform based on blockchain technology
digital currency is sought after and favored because there is no real "world currency" in the current global market. It is understood that although the US dollar is currently the most widely used currency in the world, not every country readily accepts the US dollar as the world currency. Xiao Lei said that the world currency should be like gold, with the characteristics of "de nationalization". Digital currency can even be regarded as gold in the gold standard era, and is expected to become the "general equivalent" in the Internet era in the future
the application space is broad
it is not difficult to see that digital currency is highly expected. Instry insiders said that once digital currency comes out, it will be applied to many fields
from a national perspective, the "trace" and "traceability" of digital currency can improve the convenience and transparency of economic transactions. Yu Fenghui said that money laundering, tax evasion and other criminal activities are expected to decrease. At the same time, with the application of blockchain technology, a unified account book will be established nationwide and even worldwide, so that every sum of money can be traced, every transaction can be traced, tax evasion and money laundering will be within the scope of supervision, and it is even possible to realize automatic tax dection on the card machine
for the central bank, digital currency can rece the high cost of traditional paper money issuance and circulation, and solve the problem of currency over issuance and inflation caused by the central bank's centralized control of currency issuance right. Bai Chengyu, Secretary General of China microfinance Union, said that digital currency can generate a certain amount of transaction volume according to the transaction demand of real economy generated by the public in the transaction process“ This form of digital currency may be automatically generated by the blockchain system and issued according to the transaction volume, which can avoid the inflation caused by over issuance. "
in addition, digital currency helps to build a new financial infrastructure. For example, digital currency will make the credit accumulation and archives of all people traceable and accessible, which is of great significance to promote the construction of credit system. Yu Fenghui said that after the promotion of digital currency, from the perspective of social credit accumulation, enterprises and consumers will tend to use digital currency and swipe cards for consumption, because electronic transactions have data traces, which can accumulate the credit of enterprises and indivials, which will become the basis for obtaining financial services such as banks< In addition to helping the state to regulate and improve the financial system, digital currency is closely related to people's life. It is not only the convenient payment that people have felt, but also reflected in many aspects
first of all, it is very difficult to have counterfeit money in the market. According to Bai Chengyu, one of the characteristics of blockchain is transparency. The issuance of digital currency needs to be certified, so it is difficult to forge
as well as counterfeit money, there should be the problem of plundering the wealth of people and enterprises in local areas, which will be fundamentally solved by digital currency. Bai Chengyu said that compared with the previous state's decentralization of poverty alleviation funds to local governments, some governments have the phenomenon of "evasion", which leads to the fact that some poverty alleviation objects can not get the funds“ At the beginning, it was cash distribution, and later it was bank transfer. However, there was a problem that there were not many bank outlets in some remote areas, and people had to walk a long way to get money. If there is a digital currency, there is no need to withdraw cash for consumption and payment, and it will be easier to monitor capital flow. "
moreover, the use of digital currency will rece financial transaction costs. Bai Chengyu said that before, the inter-bank settlement of banks had to charge service charges, because the settlement center required each bank to keep a part of the capital to balance its position. This part of the capital occupied the bank's funds, and the bank would spread the cost to the people, that is, to charge for the inter-bank settlement business. The "decentralized" payment and clearing system under the blockchain technology will facilitate the settlement between banks and further rece the transaction cost of people's payment
the next step of "de centralization" is "de intermediation", which will simplify many current financial business proceres, such as foreign exchange. Bai Chengyu said that previously, foreign exchange clearing had to go through banks and other clearing institutions, which increased the exchange cost and time interval. Now, the international community has tried to use blockchain technology to develop a new international currency exchange system, which can realize the "de centralized" exchange of currency and "de intermediary" in the future
resistance to implementation
although many countries and institutions are actively developing digital currency and blockchain technology, and people are full of expectations for it, even if digital currency is really issued, it will still face some resistance to implementation
technically, because blockchain is an Internet technology, "hacker" risk is taken into account. The bigger problem, though, is control. Many people in the instry said that bitcoin is essentially different from the digital currency to be launched by the central bank. Bitcoin is not issued by a specific monetary institution, and the relevant financial supervision has not been followed up, so there is a large capital risk. However, the digital currency to be launched by the central bank this time belongs to the official currency and is protected by the central bank. Because bitcoin is not uniformly issued by the central bank, it has not been recognized by many countries. The central bank values whether digital currency is controlled or not
in addition, as mentioned above, even as a leading country in digital currency promotion, Norway still has 6% of the elderly people who are difficult to get rid of paper money, which is undoubtedly a problem that can not be ignored by all countries. Xiao Lei said that digital currency will first be targeted at young people and promoted in some areas. It will not turn all the money in the cash flow into digital currency. This needs to consider the coordination between digital currency and paper money and people's willingness to use them
there is bound to be an adaptation process from paper money to digital currency, and the road of its reform will be very long, but it can be seen that digital currency will inevitably form a development trend. Bai Chengyu said that technological innovation will overcome the problems in reality, just like going to a bank to do business now. If it does not involve cash, the lobby manager will recommend customers to ATM and other self-service equipment. This is a good proof that technological innovation has replaced labor in the past. Now the application of mobile phone is also very simple. It can be predicted that the technology will continue to update in the future. The use of electronic channels, digital currency and other procts in the new era will become a trend
Beijing Business Daily reporter Liu Zexian Cheng WeiMiao
of course, the central bank's digital currency is different from bitcoin, wikilink, bitcoin cash, Ethereum and other digital currencies on the market. The central bank's digital currency has the property of currency.
it's a surprise that bitcoin's market has plummeted in the past few days, and it has fallen by $7000 in seven days. A while ago, some experts said that it's not too late to buy bitcoin in the market, and they can continue to make a lot of money! However, the people who have entered the market these days have suffered heavy losses. Is bitcoin about to collapse < HR / > < blockquote > the sharp fall of bitcoin market is really surprising! It is also reasonable for the public to worry about the collapse of bitcoin! However, this is a prediction, and it is not accurate. Only time can tell us whether bitcoin will crash in the future! Of course, we can listen to the analysis of professional knowledge in the view of analysts, the sharp decline of bitcoin is closely related to the frequent theft incidents in recent years. On December 21, the media reported that the Ukrainian bitcoin exchange liqui was attacked by hackers, resulting in 60000 bitcoins being stolen and hackers madly shipping. On December 19, youtube, a bitcoin trading platform in South Korea, was also attacked by hackers, resulting in the theft of users' funds. Due to hacker attacks, the platform lost 17% of its assets, and yapian, the parent company of youtube, immediately filed for bankruptcy protection summary: it is understood that the circulation of wax coins in the announcement of the trading platform is 185 million, while the actual circulation in the official wax platform is 1.85 billion. Instry insiders said that this is also a major negative factor in the current digital money market. Xiao Lei said that the fall is a very important turning point, rather than the "bubble" of digital money being broken, but a process of squeezing the bubble in a big way. strong>
Gray instry: an unreasonable but objective instry between legitimate instry (white) and illegitimate instry (black)
to put it simply, grey instry is a project or instry that makes exorbitant profits by playing against the law
extended information:
unveiling the gray instry chain of "blockchain license"
source: Beijing business daily
with the popularity of blockchain, the gray instry of blockchain license appears in the market, and some brokers holding "blockchain license" are also deeply cultivating the great opportunity of making money. However, the Beijing Business Daily reporter found through investigation that the so-called "blockchain license" is actually a business license with blockchain, not an official document approving relevant institutions to carry out business. Analysts believe that companies that register blockchain related names are actually a kind of hype, which has little significance in investment and is suspected of hype
start with "blockchain license" with a minimum of 20000 yuan
recently, a reporter from Beijing business daily saw a piece of news from a resource exchange group called financial license, "a hot blockchain license has been issued, which has no household and no operation. After 15 days of transfer, 20000 yuan will be taken away.". The broker who peddled the license said that the price of acquiring ready-made license ranged from 20000 yuan to 100000 yuan. If there is no special requirement, the minimum budget is 20000 yuan
however, the reporter of Beijing Business Daily found some tricks in the specific information of issuing the license plate. According to the requirements of formal business license, the business license must be issued by the State Administration for Instry and commerce or local administration for Instry and commerce. The formal business license must have name, type, domicile, legal representative, registered capital, date of establishment, business term and business scope. The so-called "blockchain license" is only sealed by the local instry and Commerce Bureau. It does not indicate the amount of registered capital. It has a registration date but no deadline, and there is no specific legal person information. In response to the reporter's query, the license agent did not make a positive response
when a reporter from Beijing business daily asked whether a new license could be applied for, the license broker said that on the whole, the national blockchain registration policy has become more and more tight. At present, Shanghai has fully restricted the application. Although Beijing does not restrict the application, its business scope is limited to technology and technology related types. If you choose to register in Beijing, the fee is between 18000-50000 yuan. As short as 15 working days, the longest takes about a month
analysts believe that the reason why many people focus on the business of preemptive registration and transfer of blockchain license is that companies with "blockchain" in their previous names have sprung up. According to the data, most of the enterprises with blockchain words in their business scope are newly established within one year, with a total of 4266, and they are concentrated in Guangdong. Among them, there are 2177 companies registered in Guangzhou and 502 in Shenzhen
in this regard, Zhang Yexia, senior researcher of Yingcan consulting, said that at present, the block chain favorable policies in various regions continue, and the overall business environment is good. From the perspective of participants, the current blockchain circle is small, and e to policy differences, there is obvious geographical concentration. For most participants, there is a lot of room for development in the rising period of the instry, which has a strong attraction for their entrepreneurship. For the seller, the revenue from the sale of "blockchain license" is much higher than the difficulty and cost of application, which provides a larger profit space for the seller
is this license different from that one
in recent years, the concept of blockchain has become more and more popular, and various regions have introced preferential policies for blockchain. For example, Guangzhou has released "ten blockchain articles", which are based on rewards in cultivation, growth, platform, application and other aspects, so many entrepreneurs see the dividends and actively enter. In fact, the domestic blockchain instry has no access license. As for the formal license, the official saying is "the certificate issued by the administrative department for Instry and commerce to instrial and commercial enterprises and self-employed persons to allow them to engage in certain proction and business activities". The foreign blockchain license is similar to the financial license, which is an official document to approve relevant institutions to carry out business
Zhang Yexia told Beijing Business Daily that in the early days, blockchain was mainly used in the field of digital currency, which had financial attributes. In recent years, the regulatory authorities' requirements for licenses such as "third-party payment", "online small loan" and P2P online loan filing issued by Internet finance made entrepreneurs mistakenly believe that blockchain also has relevant licenses. Therefore, it provides conditions for the emergence of "blockchain license"
Zhang Yexia further said that these so-called "blockchain licenses" are not actually licenses, but business licenses with the words "blockchain" in the name of enterprises, which are no different from other business licenses. At present, there are no clear access requirements for blockchain business in China. The current policy support direction is focused on the combination of blockchain technology and real economy, and the overall emphasis is on the technical level rather than the financial level
a person in charge of a blockchain company confessed to Beijing Business Daily that as a hot project, blockchain has a strong attraction for investors, and many investors want to test the water and seize this opportunity to make money. According to Lu Nan, research director of sack Research Institute, the acquisition of blockchain business license obviously makes these companies have the possibility of becoming rich. However, blockchain technology companies do not need "blockchain" business license, so such "license" has no intrinsic value
Xiao Lei, founder of Xi'an Caihui and President of the 500 Gold Research Institute, also believes that the license rate of blockchain is intentional speculation. At present, there is no license at the national level, and there are no official documents. Moreover, it is difficult to issue a special license for blockchain in the future, because blockchain is a technology rather than a business form. In fact, registering the names related to blockchain is also a kind of hype. The significance of investment is not very great. The most important thing is to see the specific business capabilities of the company
there are risks in following the trend of speculation
because of the blind praise, "blockchain" has always had room for concept speculation. In addition to the influx of retail investors, as long as the listed companies disclose that they have something to do with the blockchain, the stock price can rise sharply, and the announcement that they have blockchain business can raise the limit. This has also attracted many "unknown" companies to announce that they will launch blockchain projects, seeking to catch up with this wave of hot spots. When they received the inquiry letter from the exchange or the questions from the interactive platform, some companies responded positively, while others urgently clarified their relationship
Xiao Lei stressed that it is difficult for blockchain to bring actual high profits to enterprises in a short period of time. From the current situation, the risk is very large in the short term. Moreover, many enterprise projects do not need blockchain technology to solve, and they are hard to add, which requires very high identification ability of investment. Now nearly 90% of blockchain projects are "air" projects, which are meaningless
In a recent closed door meeting, Huo Xuewen, director of Beijing Municipal Bureau of financial work, stressed that "blockchain, as a technology, has a threshold. From the perspective of technical personnel, blockchain discussed with many people is often not a dimension. Most people don't know much about technology, and swindlers just use this to make blockchain their coat of deception, Using the concept of technology to cheat has become a current trendwhen it comes to the reasons why blockchain licenses can still be hawked when the regulation is explicitly prohibited, Shi Dalong, a senior researcher of Suning Institute of finance, pointed out that after tightening the regulation on blockchain, bitcoin and other tokens, the instrial and commercial registration department suspended the examination and approval of business licenses involving blockchain, Some companies that are really engaged in the development of blockchain technology are in urgent need of business qualification involving blockchain, and these enterprises will purchase such licenses; On the other hand, some speculators may speculate, buying low and selling high
"the society has a crazy and blind esteem for blockchain, and there is also a market space to fish in troubled waters for profits. A large amount of capital continues to enter, while digital currency is banned in China, and the registration of blockchain companies has been suspended, thus forming a" shell resource "market. At present, China has not issued any franchise license in the field of blockchain. This is the "concept" hyped by the seller, which has no intrinsic value. In the future, if the supervision is implemented or the registration of "blockchain" companies is liberalized, these "licenses" may be worthless. " Said Lunan
At present, the pure digital currency has not been legalized, so most of the digital currency transactions spontaneously formed in the market are carried out in underground and non transparent environment
while NASDAQ released the news of exploring digital currency exchanges, the United States launched an investigation on 13 digital currency exchanges, saying that it would increase the transparency of these exchanges and protect the rights and interests of investors. More than 80 digital currency related companies have received subpoenas from the sec. Xiao Lei believes that some digital currency exchanges that are not obedient enough will be under more and more pressure and will eventually be incorporated into the traditional financial trading system of the United States