Research on the influence of issuing digital currency in China

The digital RMB red envelope of 10 million yuan issued by Shenzhen city has brought the development of e-money back to the people's vision

in fact, since April 2020, small-scale pilot projects of digital RMB have been carried out in Shenzhen, Cheng, Suzhou and xiong'an, and the pilot scale will be expanded to 28 provinces and cities in August 2020

as a socially recognized "super outlet", in addition to the high investment of digital currency related enterprises, its impact on the financial market is also of great research value

as early as 2014, the central bank has concted research layout on digital RMB, and discussed the development framework of digital RMB with major international financial institutions and research institutions in the 2016 digital currency seminar

after six years of development, China has initially developed the "pbctfp blockchain platform" and continuously promoted the pilot activities of digital RMB. It can be predicted that as today's technology and policy outlet, digital RMB will have excellent development prospects and extremely fast development speed in the next few years

Figure 1: Policy Evolution of digital RMB

with the improvement of China's national strength, digital RMB provides an opportunity to establish a "new system of RMB cross border settlement", which can promote RMB payment activities around the world and realize the internationalization of RMB

According to the published data and conclusions, China will be ahead of foreign countries in terms of science and technology theory, e-payment habit and mature payment system{ RRRRR}

finally, in China, the electronic payment system is relatively perfect, that is to say, if digital currency is implemented in the future, it can be easily implemented, and the related construction cost is relatively low. Moreover, whether it is digital currency or electronic payment, the difference between the two is not big, and digital currency can adapt to more diverse scenarios, and people can accept it more easily, It will not become unaccustomed because of the sudden change, which will also lay a good foundation for the development of digital currency in our country. However, such a system and payment habit are not possessed by other countries at all, and most countries are not used to electronic payment, so there is no digital currency base at all