Zhou Xiaochuan's opinion on digital currency

1. The central bank has never officially issued a digital currency, and now it is only studying it, and it needs to carry out a pilot project. Any digital currency under the banner of the central bank is a fraud organization, and many of them are pyramid schemes

2. Zhou Xiaochuan believes that bitcoin's blockchain technology has great potential. Zhou Xiaochuan compares bitcoin to a tradable asset like a stamp. Bitcoin is not issued by the central bank, which has no right to ban it. The central bank also plans to launch digital currency, which defines bitcoin as a special Internet commodity that people can buy and sell freely at their own risk
other well-known digital currencies include Leyte, Ruitai, doggy and so on.

3. At the Boao Forum for Asia held in April this year, Zhou Xiaochuan, governor of the central bank, said that since digital currency is not the currency initiated and approved by the central bank, it is impossible to ban it. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment

4. Zhou Xiaochuan, the governor of the central bank, said at the Boao Forum for Asia that virtual currency is not a currency approved by the central bank and can not be banned. Since digital currency is not the currency initiated and approved by the central bank, it can not be banned. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment.

5. In fact, the central bank has been studying digital currency for a long time. From the perspective of historical development trend, money has always evolved with the development of technological progress and economic activities. From the early physical money, commodity money to the later credit money, it is a natural choice to adapt to the development of human commercial society. As the currency of the previous generation, paper money has low technology content. From the perspective of safety and cost, it is the general trend to be replaced by new technology and new procts. In particular, with the development of the Internet and the great changes in payment methods all over the world, the establishment of digital currency issuance and circulation system is very necessary for the construction of financial infrastructure and the promotion of economic quality, efficiency and upgrading.

6. How can it be a person, this is initiated by the central bank. The nature of digital money is still the same as paper money. It is a national credit. Zhou Xiaochuan has the final say that the central bank's digital money research team will do it, and it will be effective after approval by the State Council.

7. On January 20, 2016, the digital currency seminar of the people's Bank of China announced that the research on digital currency has achieved phased results. Zhou Xiaochuan, governor of the people's Bank of China, attended the meeting, and fan Yifei, vice governor of the people's Bank of China, presided over the meeting. The meeting affirmed the value of digital currency in recing the issuance of traditional currency, and indicated that the central bank was exploring the issue of digital currency< However, Zhou Xiaochuan later said that the digital currency to be issued by the central bank is different from bitcoin, Ruitai currency and vitality currency.

8. You have met a pyramid scheme fraud organization. The central bank has never issued digital currency. Any digital currency is illegal in China

9. Digital currency is the development trend in the future. The central bank has been paying attention to digital currency for a long time. It is expected that digital currency will be issued this year and will be applied to the bill market first. It is also normal for some banks in the world to pay attention to digital currency. They keep up with the trend of the times and take a share in digital currency
of course, in addition to the mainstream digital currencies such as bitcoin, lightcoin and dogcoin, there are also some application-oriented digital currencies in China, such as some digital currencies on coin Ying China platform.