What is the white paper of RMB digital currency
digital currency is a kind of legal tender, which must be issued by the central bank. Both digital gold coin and cryptocurrency belong to digital currency, which is not a network virtual currency, because it is not limited to virtual space, but is often used for real goods and services transactions, such as bitcoin, Wright coin, bitstock, etc. at present, there are thousands of digital currencies issued around the world
extended data:
1. Impact on financial infrastructure
the decentralized mechanism of value exchange based on distributed ledger technology has changed the basic settings of gross and net settlement on which financial market infrastructure depends. The use of distributed ledgers also poses challenges to trading, clearing and settlement, as it promotes the disintermediation of traditional service providers in different markets and infrastructures. These changes may have potential impacts on market infrastructure other than retail payment systems, such as large payment systems, securities settlement systems or trading databases
If digital currency and distributed ledger based technology are widely used, it will bring challenges to the intermediary role of financial system participants, especially banks. As a financial intermediary, banks perform the ties of acting supervisors and supervise borrowers on behalf of depositors. Usually, banks also carry out liquidity and maturity conversion business to realize the financing from depositors to borrowers. If digital currency and distributed ledger are widely used, any subsequent disintermediation may have an impact on savings or credit evaluation mechanismsthe birth and popularity of bitcoin all over the world depends on the concept, which is in the foreword of the times. However, bitcoin has been preconceived and cannot be replaced by other digital currencies. Although some counterfeit currencies were popular for a while later, they slowly went down in the end, only bitcoin strengthened. Puyin is another shortcut, as a standard system of digital currency appears, behind the endorsement of related tea assets, its value is recognized by the society.
to see if the white papers are shoddy
the functions and properties of digital currency are exactly the same as paper money, but its form is digital
what is digital currencyyou can imagine such a scenario: as long as you and I have central bank digital wallet on the mobile phone, we don't need the network. As long as the mobile phone has power, two mobile phones touch each other, and we can transfer the digital currency in one person's digital wallet to another person. In other words, when you pay, you don't need to bind any bank account. Unlike us now using WeChat or Alipay, we need to bind a bank card, but the central bank does not need digital money. Unless, of course, you want to recharge your digital wallet, or you want to withdraw money from your digital wallet to manage your finances. In addition, the mutual transfer between users does not require account binding. This means that digital money can circulate like paper money, and you can simply interpret it as a digital alternative to paper money
first of all, in order to protect our currency sovereignty and legal currency status, we need to take precautions
secondly, the costs of issuing banknotes and coins, printing, recycling and storage are very high, and some costs have to be invested in anti-counterfeiting technology. There are many levels of circulation system, and it is not convenient to carry them. Now no one is willing to bring cash. At the same time, the public actually has the demand for anonymous payment, but the current payment tools, such as Internet payment and bank card payment, are tightly bound with the traditional bank account system, which can not meet the demand of anonymity, and can not completely replace the cash payment, that is, paper money payment
therefore, the central bank's digital currency can solve these problems. It can not only maintain the properties and main value characteristics of cash, but also meet the requirements of portability and anonymity