2018 national policy on digital currency

1.

As of September 2019, the central bank's digital currency has not been issued

the development history of the central bank's digital currency is as follows

in 2014, the Central Bank of China set up a special research team to conct in-depth research on the framework of digital currency issuance and business operation, key technologies of digital currency, issuance and circulation environment, and legal issues faced

in January 2017, the central bank officially established the digital currency Research Institute in Shenzhen

in September 2018, the Institute of digital currency built a trade finance blockchain platform

On July 8, 2019, at the launching ceremony of the digital finance open research program and the first academic seminar, Wang Xin, director of the Research Bureau of the people's Bank of China, disclosed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is engaged in corresponding work in organizing market institutions

on August 2, 2019, the central bank said at the second half of 2019 work video conference that it would speed up the research and development of legal digital currency

on August 10, 2019, Mu Changchun, deputy director of the payment and Settlement Department of the central bank, said at the Yichun forum of 40 people of China finance that "the central bank's digital currency can be said to be ready"

on August 18, 2019, the CPC Central Committee and the State Council issued their opinions on supporting Shenzhen to build a leading demonstration zone of socialism with Chinese characteristics, which mentioned supporting innovative applications such as digital currency research in Shenzhen

on August 21, 2019, the official micro blog of the people's Bank of China released two articles on digital currency. One is fan Yifei, vice president of the people's Bank of China, who was published in January 2018, talking about some considerations of digital currency of the people's Bank of China. The other is mu Changchun, deputy director of the Department of payment and settlement, who delivered a speech in Yichun on August 10

extended data:

practical significance

the digitalization of central bank's currency helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate

can also become a new monetary policy tool. At the same time, the central bank can affect the bank's deposit and loan interest rate by adjusting the central bank's digital currency interest rate, and help break the zero interest rate lower limit

operation system

fan Yifei, vice governor of the people's Bank of China, said in the article that the digital currency of the people's Bank of China should adopt a two-tier operation system. This model does not change the relationship between creditor's rights and debt of currency in circulation, does not change the existing money supply system and al account structure, does not constitute a competition for commercial banks' deposit currency, and does not increase commercial banks' dependence on the interbank lending market

will not affect the lending ability of commercial banks, and will not lead to the phenomenon of "financial disintermediation". At the same time, because it does not affect the existing monetary policy transmission mechanism, it will not strengthen the pro cyclical effect under the pressure environment, and it can improve the convenience and security of payment, and it also has the credit advantage of central bank endorsement

2.

China does not issue digital currency, and all the existing digital currencies are illegal

the central bank pointed out that no legal digital currency has been issued, and no institutions and enterprises have been authorized to issue legal digital currency. At present, the so-called "digital currency" in the market is not legal digital currency

virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency

"the legal currency of our country is RMB." In the risk warning, the monetary Bureau of the people's Bank of China once again stressed that RMB is uniformly printed and issued by the people's Bank of China

extended information:

with the soaring price of virtual currency represented by bitcoin, digital currency and the blockchain technology behind it have attracted great attention of the global financial community. In fact, legal digital currency has not yet been issued in China. Recently, the official website of the monetary Bureau of the people's Bank of China (PBOC) released the risk warning on issuing or promoting digital currency in the name of the people's Bank of China

in 2013, the central bank, together with five ministries and commissions, issued the notice on prevention of bitcoin risks, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, which do not exist in the form of currency and legal currency

At the same time, digital money is different from electronic payment. In the actual use experience, digital money and electronic payment may feel similar, but they are still quite different in essence. Before digital currency, the financial instry has been highly informationized

such as Internet banking, WeChat, Alipay and other payment electronic popularization graally, physical cash accounts for only a very small part of all circulating currencies. In spite of this, because the money used in the transaction comes from the bank account, it actually corresponds to the banknotes

currently, digital currency in the market involves multi-level marketing

digital currency is a new technology that can improve the efficiency of transaction, but it is targeted by lawless elements to carry out pyramid selling and fraud in its name

the official website of the monetary Bureau of the people's Bank of China issued the risk warning on issuing or promoting digital currency in the name of the people's Bank of China. The central bank pointed out that recently, indivial enterprises falsely used the name of our bank to label relevant digital procts as "authorized issuance by the people's Bank of China", or falsely claimed that the digital currency promotion team of the central bank issued, in an attempt to deceive the public and take the opportunity to make huge profits

in the risk warning, the central bank stressed that the 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

at the same time, 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. The general public should raise their risk awareness, invest rationally and prudently, and prevent the interests from being damaged

3. China's law on the supervision of digital currency is still a blank. Digital currency is in a gray area in China. If it is not prohibited by law, it can be used. However, there are still some normative provisions on digital currency in China
at the end of 2013, the central bank and other five ministries and commissions jointly issued the bitcoin risk notice, which clearly defined bitcoin as a special Internet commodity, and people can buy and sell it freely at their own risk. But it denies its monetary attribute. At this stage, bitcoin cannot and should not be used as currency
Ruitai, Qianjin card, Laite and other digital currencies are all applicable to the definition of bitcoin. Digital currency can exist as a commodity.

4. Does not exist, now want to buy digital currency to make money? I just want to ask you a question. If you don't choose the mainstream, the rest of the junk's circulation plate is just a little money. If you hold a little more money, are you sure you can sell it out? To put it bluntly, currency is a market value. What can pull a wave at the beginning of the market is speculation. That is, you can buy the currency price with very little money, and then you are fooled into buying it. When you want to sell, after the speculation, no one will buy it. Who will pick up your offer?

5.

2018! The 10th anniversary of Nakamoto's white paper! Opened a new world, 1994? What do you mean? God founded Ethereum in 2013. Zhao CHANGPENG, the founder of coin an, entered Hurun's first digital currency rich list with us $1.1-2 billion, ranking third in the world. Guan Jianshi, Zhao spent 160 days! There are many examples of ordinary Baishi making millions with one or two million in 2017! In 2017, currencies with a rise of less than 30 times are listed as substandard currencies! In 2018, almost all the big and medium sized Internet giants will enter the block chain. Even today, we believe that digital money is a tulip bubble friend (such as Buffett and Lang Xianping). Go home and write a review and burn it to me. If you want to make one or two hundred times in 2018, please pay attention to me, because I trust my dream to you, for fear that you will not receive enough mana

now let's talk about the promising digital currency in 2018:

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1. Bitcoin: don't doubt that you can buy bitcoin at the current price. Of course, there are some ups and downs in a few days. From the end of 2017 to now, bitcoin has dropped by about 60%, which is just the opportunity to enter, Many people think that bitcoin is a proct of energy consumption without any value. I tell you, when bitcoin falls, almost all other currencies are falling, which indicates that bitcoin's price is the wind vane of other currencies. Bitcoin enters into futures trading and has a short mechanism. Then bitcoin plummets. The reason is that it is forbidden or supervised by a certain country, which is just like pulling a calf, We should not think that short selling is a bad thing. With a short selling mechanism, the real price of goods can be reflected, and the risk is relatively small. But if you want to earn dozens of times by buying bitcoin, it's possible, but now you'd better wash and sleep

Ethereum and the top 40 currencies: just one word: the average growth of these currencies will definitely exceed that of bitcoin

3. Currencies to be listed or not to be listed soon: if you want to make a hundred times profit in 2018, you must focus on those currencies to be listed or not to be listed soon. With the experience of 2017, the success rate is only 5% - 8%! Very low! But if you invest 10 kinds of money, one of them will increase 100 times, and the others will become rubbish, and the income will be 10 times of the investment! To improve the success rate is what you need to do. Say white point and find valuable currency. Don't believe that XX currency will circulate in the future. Facts have proved that if the total amount of digital currency is constant, human beings will inevitably enter the era of deflation. If the total amount of digital currency is not constant, almost all of them are enterprise currency and have no value! The currency, which was listed soon in 2018, is more optimistic about EOS because it has a great opportunity to get started after the price falls, and the domestic market is more optimistic than the original chain and gongxinbao. After reading the form below, don't feel sorry for those who didn't participate. There are plenty of opportunities in the future

we must make it clear that if we want to increase 100 times, it is definitely not the most famous and mainstream currencies, but those with huge development potential and the current currency price is far undervalued. Centennial is most likely to appear among the tokens with a unit price of 0.01-2 yuan. For the token that will be listed soon, dig out the background of this coin and invest in its value

in the end, if you want to earn 100 times in 2018, just pay attention to me! If you don't believe me, pay attention to me and witness together

6. Digital currency can be circulated all over the world. Digital currency does not belong to any country
domestic digital currencies include Ruitai, vitality, Yuanbao, bitcoin, etc
foreign procts include bitcoin, lightcoin, Ethereum, dogcoin, reborn coin and so on.

7. When did the country say it would issue digital currency? Don't believe the lies of those swindlers! Unless you have too much money!