Digital currency landing time of the people's Bank of China

1. The time is not fixed. On November 13, 2019, the people's Bank of China issued the announcement on issuing or promoting legal digital currency in the name of the people's Bank of China. The people's Bank of China has not issued legal digital currency (DC / EP), nor authorized any asset trading platform to conct transactions. The people's Bank of China started to study legal digital currency in 2014 and is still in the process of research and testing. Neither "DC / EP" nor "DCEP" traded in the market is legal digital currency, and the launch time of legal digital currency transmitted through Internet is inaccurate information

response time: July 14, 2020. Please refer to the official website of Ping An Bank for the latest business changes

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2. After the people's Bank of China announced the launch of digital currency as soon as possible in January 2017, the governor of the people's Bank of China, in an exclusive interview with Caixin weekly, elaborated on digital currency in detail, saying that there was no established timetable. The relationship between digital currency and cash will be parallel and graally replaced for quite a long time.

3. There is no established timetable for digital currency
Zhou Xiaochuan pointed out that as legal tender, digital currency must be issued by the central bank. The issue, circulation and transaction of digital currency should follow the idea of integration of traditional currency and digital currency, and implement the same principle of management. That is to say, q-coin and the like are definitely not good
as for whether to use blockchain technology to create digital currency. Zhou Xiaochuan said that the blockchain technology is an optional technology, but so far, the blockchain still occupies too many resources. Whether it is computing resources or storage resources, it can't cope with the current transaction scale, and whether it can be solved in the future depends on it. Zhou Xiaochuan said that in addition to blockchain technology, the digital currency research team of the people's Bank of China has also concted in-depth research on other related technologies involved in digital currency, such as mobile payment, trusted and controllable cloud computing, cryptographic algorithm, security chip, etc
in addition, Zhou Xiaochuan also mentioned that there is a lot of discussion about "51% attack" (assuming that indivials have 51% of the computing speed of the whole network, they can realize double payment, reverse transactions, paralyze the whole network, and completely lose the transfer function). More specifically, compared with the special currency, bitcoin does not need the central bank. Zhou Xiaochuan mentioned that for the digital currency controlled by the central bank, a series of technical means, mechanism design and laws and regulations will be adopted to ensure the security of the digital currency operation system, which is different from the design idea of bitcoin from the beginning
as for the digital currency timetable, Zhou Xiaochuan said that there is no established timetable. The relationship between digital currency and cash will be parallel and graally replaced for quite a long time. For reference.

4. CBDC, the full name of central bank digital currencies, translated as the central bank digital currency
in its Research Report on CBDC, the Bank of England defines central bank digital currency as an electronic form of central bank currency, which can be used by households and businesses to make payments and store value
the Chinese version of CBDC is described as a controllable anonymous payment tool, which is issued by the people's Bank of China, operated by designated operating institutions and exchanged to the public, based on the generalized account system, supports the loose coupling function of bank accounts, is equivalent to banknotes and coins, and has value characteristics and legal compensation
what we call DC / EP is the Chinese version of the central bank's digital currency, translated as "digital currency and electronic payment instruments"
response time: October 26, 2020. Please refer to the official website of Ping An Bank for the latest business changes

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5. What do you mean? Which country's policy is this? I don't understand. Anyway, China doesn't have this policy. There is no legal digital currency. This concept hasn't appeared in China. Sometimes other countries don't know.

6. Afghani (AF) --- Afghani
African Financial Community Franc (CFAF) --- (African financial community) Franc
Albanian Lek (Lek) --- Albania Lek
Algerian Dinar (DA) --- Algerian Dinar
Argentine Australian ($a) --- Argentina ostral
Australian dollar ($a) --- Australian dollar
Australia An Schilling (SCH) --- Austrian shilling
Bangladesh Taka (TK) --- Bangladesh Taka
Belgium Franc (BF) --- Belgian Franc
Brazilian Cruzado (CZ $) -- Brazil Cruzado
Brunei Dollar (BR $) -- Brunei Dollar
Burmese kyat (can $) -- Myanmar dollar
Canadian dollar (can $) -- Canadian dollar
Central Africa financi Al cooperation Franc (CFAF) - franc of China Africa Financial Cooperation
Chilean Peso (CH $) --- Chilean Peso
Chinese renminbi yuan (RMB) --- Chinese yuan
Columbia Peso (Col $) --- Colombian Peso
Cuban Peso (cub $) -- Cuban Peso
Danish Krone (DKR) --- Danish Krone
Deutsche mark (DM) --- Deutsche Mark
d Dutch Florin guilder (no) --
Egyptian Pound (LE, ￡ E) --
Egyptian guinea ekule (EK) --
equatorial birr (BR) --
Ethiopian dollor ($ETH) -- - Ethiopian dollar