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

8. 1. If the water in the watch is serious, it's better to send it to the watch shop to wipe oil to eliminate the water in the watch, so as to avoid the rust of the parts in the watch
2. In order to prolong the service life of the watch, try to avoid fog and water droplets in the waterproof watch. Don't wear the watch when washing face, bathing, swimming and other "hydrophilic" activities. Don't be affected by water vapor and hot vapor. In rainy days, pay attention not to be drenched
3. Bake the watch with incandescent lamp, cover the watch with several layers of paper towel, and then put it at 15cm of the 40 watt incandescent lamp, bake it for 5 minutes, and the water vapor in the watch will be evaporated. Remember not to bake too long, the watch with leather strap should be removed first
4. When the watch is flooded, it is better to go to a regular watch repair center or after-sales service as soon as possible. The faster you deal with it, the less you lose. Although the base plate and splint of watch movement are mostly nickel plated and rhodium plated, the surface of some steel parts has not been antirust treated. Once rusted, a loose rust layer is formed on the surface, which continues to absorb water and then accelerates the corrosion. If the delay is too long and the parts inside are damaged, it will cost more to repair. In serious cases, the whole watch will be scrapped directly.

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.

10.

March 9 (Xinhua), "there's a lot of water in the pool, new water doesn't have to be so much." Zhou Xiaochuan, governor of the people's Bank of China, responded to the growth of China's broad money (M2) with "water in the pool" on the 9th. It has something to do with stock accumulation, he said

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he made this statement at the press conference of the first session of the 13th National People's Congress on the same day. According to the data of the central bank, China's M2 growth rate was 8.8% at the end of February, which has maintained a single digit growth for 10 consecutive months

Zhou Xiaochuan said that as the caliber of M2 index is constantly changing, mainly the financial market structure and financial procts are constantly changing, M2 is not a very accurate tool to measure the tightness of monetary policy

he further explained that if the growth rate of M2 and nominal GDP is basically the same, it is not loose or tight from the perspective of broad money supply. If M2 is greater than the nominal GDP growth rate, monetary policy will be looser, otherwise it will be tighter

Zhou Xiaochuan believes that it is sometimes not enough to only observe GDP, but also to observe inflation rate, employment and other indicators, as well as price level and employment level. We can see whether the monetary policy is loose or tight by considering the price level and inflation rate as a whole

Zhou Xiaochuan said that in the past, the growth rate of M2 has always been higher than that of nominal GDP, "that is to say, there is a lot of water in the pool, and the new water does not have to be so much, so it has something to do with the accumulation of stock." At the same time, he pointed out that it is difficult to have a simple indicator for people to see at a glance, and it must be judged by considering various factors

Yi Gang, vice president of the people's Bank of China, explained that the vast majority of countries in the world have played down the practice of taking M2 as an indicator or as a forecast target