Digital currency reference

1. On August 30, 2018, Asian digital currency was officially established with the special approval of the Hong Kong Special Administrative Region government to carry out the business related to the blockchain. At the same time, it invested HK $1 billion in the layout of the upstream, middle and downstream instrial chain of the blockchain. At present, Asian digital currency is carrying out four aspects of business in the field of blockchain: 1. Asian Currency Unit: the full English name of Asian currency unit. The total number of Asian Currency Units issued is 1 trillion, and the specific circulation is automatically adjusted according to the amount of reserves. Asian dollar ACU can settle accounts in real time and greatly rece transaction costs. With the participation of audit institutions, Asian dollar ACU implements the linked exchange rate system with reference to the Hong Kong dollar issuance system. It chooses the exchange rate of offshore RMB as its exchange rate and cashes in accordance with the 1:1 ratio of offshore RMB. 2. Yayuan ACU Wallet: Yayuan ACU wallet is the carrier carrying the core functions of Yayuan. It will open up the application of wallet in the field of digital currency and the real financial world. It is a platform for the issuance, circulation, exchange and settlement of Yayuan ACU with Yayuan ACU as the carrier. Asia dollar ACU wallet cooperates with the world digital currency bank strategically, connects with the world digital currency bank's global settlement system, and opens up gateway clearing channels with hundreds of banks around the world. On the one hand, Asia dollar ACU wallet links with mainstream digital currencies such as BTC, Eth and usdt, and on the other hand, it opens up sovereign legal currencies such as US dollar, RMB, Japanese yen, euro and British pound, Let digital currency and legal tender be freely convertible, and truly create the demand for free storage and exchange of currency. Expanding economic cooperation with non members to provide services.

2.

Digital currency is an unregulated and digital currency, which is usually issued and managed by developers and accepted and used by members of a specific virtual community. More generally speaking, digital currency is actually a commodity

just like gold, it took more than 200 years to be graally recognized by the world. In the early days, many people questioned gold's ability to store value. If we take digital currency as a substitute, people's questioning attitude towards gold in the past is equivalent to many people's attitude towards digital currency now

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digital currency is a balance between financial security and innovation ability. Financial instry should have clear access threshold. Digital currency involves finance, so it must have clear access threshold. The enterprise qualification of blockchain and digital currency needs to be reviewed and an access system set. One of the core of supervision is that blockchain enterprises must have qualified technical personnel

for example, enterprises of different levels in the construction instry need different levels and numbers of registered structural engineers to ensure the safety of buildings and bridges, which can also be used for reference in the supervision of digital currency. In addition, investors need to refer to the requirements of the "measures for the appropriateness of securities and futures investors" issued by the CSRC, and only those who meet certain conditions can participate in the investment

3.

Digital assets and digital currency are not the same thing

Digital assets refer to the non monetary assets owned or controlled by enterprises or indivials in the form of electronic data and held in daily activities for sale or in the process of proction. The emergence of digital assets benefits from office automation, digital assets rely on the development of electronic payment system, its prospects are predictable

2. Digital currency

digital currency refers to the digitization of currency. Digitization doesn't mean scanning. This is just like digital signature. Digital signature does not mean scanning your signature into a digital image, or using the touchpad to obtain the signature, let alone your signature

digital currency is often mistaken for virtual currency. But virtual currency refers to non real currency. For example, when you play "Three Kingdoms" (game) or "grand Voyage", you have money, and that money is virtual. Of course, the virtual money will also have its real value

for example, if you buy her / his account from another player, you can get all the virtual assets of that player, and then it will be much easier for you to continue playing. Virtual money is not necessarily digital. For example, children play games with pebbles as virtual currency

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characteristics of digital assets:

1. High price. Because these application software with special purpose is specially developed for a specific work, its cost is relatively high, and its price is not lower than the price of fixed assets of factory buildings

(2) strong attachment. Application software must be supported by computer hardware and system software in order to play its role

3. Strong interaction. Even the simplest application software also has some interactive functions, such as the error prompt to the operator, which is the most basic advantage of IT instry procts

The quantity is infinite. Digital assets as assets are scarce (because not all enterprises or indivials can create digital assets), but its supply can be unlimited. However, tangible assets are always limited e to the limitation of property and storage space

Cost decreasing. The proction cost of tangible assets is positively proportional to the proction quantity

References:

Network: digital assets

Network: digital currency