Why does the central bank issue legal digital currency
Publish: 2021-04-03 08:11:33
1.
digital currency can be understood as the digitalization of RMB, which has two obvious advantages: "no account payment" and "no network payment". After Facebook launched Libra this year, the central bank's digital currency has also stepped in. We see both challenges and opportunities
in a word, digital currency is still RMB in fact, but some changes have taken place in its form. We say that digital currency is of great significance. It not only enhances the security and controllability, but also makes counterfeit currency "invisible". In addition, the issuance of the central bank's digital currency is also concive to the central bank's more convenient and transparent management
2. The problem itself is wrong. At present, China's central bank has not issued legal digital currency
(1) the monetary gold and silver Bureau of the people's Bank of China (PBOC) issued a "risk warning on issuing or promoting digital currency in the name of the people's Bank of China" on its official website, saying that indivial enterprises falsely use the name of the PBOC to label relevant digital procts as "authorized by the people's Bank of China", or falsely claim that the central bank's digital currency promotion team, in an attempt to deceive the public and take the opportunity to make huge profits
(2) the central bank said that at present, the central bank has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency. The so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud
(3) the central bank emphasizes that the legal tender of China is RMB. RMB shall be uniformly printed and issued by the people's Bank of China. No unit or indivial may refuse to pay all public and private debts within the territory of China in RMB. The general public should establish a correct concept of currency, take good care of RMB and jointly maintain the normal circulation order of RMB.
(1) the monetary gold and silver Bureau of the people's Bank of China (PBOC) issued a "risk warning on issuing or promoting digital currency in the name of the people's Bank of China" on its official website, saying that indivial enterprises falsely use the name of the PBOC to label relevant digital procts as "authorized by the people's Bank of China", or falsely claim that the central bank's digital currency promotion team, in an attempt to deceive the public and take the opportunity to make huge profits
(2) the central bank said that at present, the central bank has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency. The so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud
(3) the central bank emphasizes that the legal tender of China is RMB. RMB shall be uniformly printed and issued by the people's Bank of China. No unit or indivial may refuse to pay all public and private debts within the territory of China in RMB. The general public should establish a correct concept of currency, take good care of RMB and jointly maintain the normal circulation order of RMB.
3. The central bank's plan to issue digital currency is a decision made according to the development of the times
the simplest example is that city people love to use third party payment tools WeChat and Alipay to pay the bills, and the cash payment is decreasing. The third party payment is more and more popular among young people. In Europe, some developed economies are trying paperless trading. Moreover, bitcoin and other digital currencies will circulate in China after 2013, and the central bank will be inspired to issue digital currencies
in addition to the digital currency to be issued by the central bank, there are actually many application-oriented digital currencies, such as the tokens of crowdfunding projects on the European crowdfunding platform.
the simplest example is that city people love to use third party payment tools WeChat and Alipay to pay the bills, and the cash payment is decreasing. The third party payment is more and more popular among young people. In Europe, some developed economies are trying paperless trading. Moreover, bitcoin and other digital currencies will circulate in China after 2013, and the central bank will be inspired to issue digital currencies
in addition to the digital currency to be issued by the central bank, there are actually many application-oriented digital currencies, such as the tokens of crowdfunding projects on the European crowdfunding platform.
4. Because the central bank is the highest management and authority of a country's monetary policy-making and currency issuance. So the central bank has the right to introce legal digital currency, paper money.
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