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When will China issue digital currency

Publish: 2021-04-18 04:51:45
1.

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

2. The Chinese version of CBDC is described as digital RMB, which is issued by the people's Bank of China, operated by designated operators and exchanged to the public. It is 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"
the center for International Settlements (BIS) and the Committee on payment and market infrastructure (CPMI), two authoritative international organizations, jointly concted two questionnaires on more than 60 central banks in 2018 and 2019. The content of the questionnaire includes the work progress of central banks on digital currency, the motivation of studying digital currency and the possibility of issuing digital currency. 70% of central banks said they are (or will be) involved in the research of digital currency
response time: October 13, 2020. Please refer to the official website of Ping An Bank for the latest business changes

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https://b.pingan.com.cn/paim/iknow/index.html
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.

Digital currency has been issued in some cities in China, but it will take some years for it to be popularized{ RRRRR}

3. It takes a while for digital currency to be popularized in an all-round way

digital currency is to turn paper money into a number that people can see on the Internet, which is more convenient for people to operate as long as we use the mobile phone in our daily life, we can complete a series of commodity transactions without using the Internet. At that time, it will be the real realization of a mobile phone that can travel all over the world

5.

China's digital currency is as long as there is a mobile phone, no network, as long as the touch can be paid, and with detailed transaction records, it is very helpful to combat money laundering crime; This currency is mainly aimed at grabbing shares for Alipay, WeChat and POS terminals. It can also pave the way for RMB internationalization. Digital currency is not only safe and endorsed by the state, but the global central bank is pushing digital money. Now the digital currency is still in the testing stage. What time will it be popularized? It will have to wait until the Beijing Winter Olympic Games in February 2022 to fully promote the use

China's central bank's digital currency can be used for daily micro payments. Because it will be more stable with the endorsement of the state, the central bank's digital currency is different from bitcoin and Libra launched by Facebook. I give digital currency legal effect, and indivials can't refuse to accept it. At the same time, it is very convenient to use. It can be paid without binding any bank account. Digital currency will not cause inflation. Now it can be implemented and used in Shenzhen, xiong'an, Cheng, Suzhou and other cities. It also shows that the era of paperless is coming. Digital currency is a new concept with high technology content. In the future, RMB will enter the 3.0 era. Although the current digital currency is more powerful, it is still unable to put an end to money laundering and corruption

6. In order to prove time and ensure the security of the whole network
without this calculation, the whole system is not secure, so these seemingly meaningless calculations are to ensure everyone's security
7. 1. The liquor chain is the first chain of liquor application in the world. It is a unicorn without homogeneous competition and has great value
2. Liquor chain is a value project with real landing application scenarios and commercial closed-loop. The longer the holding time, the higher the value
3. The docking application between wine chain and entities has just begun and has achieved initial results. In the future, the more docking applications, the wider and deeper the use, the greater the value
4. The liquor chain has been launched on the two exchanges of currency tiger global and fcoin, with the highest rise of 413% against the trend in the bear market and the breakout, which fully shows that drink has received wide recognition and consensus from the market
5. Liquor is a millennium instry with a trillion market. Liquor chain has broad application space and huge market potential
6. The price of liquor chain will be doubled after the public chain goes online, and the price will be doubled after the cross chain cooperation of liquor chain is realized
7. The number of d-ball downloads and registrations exceeds one million, and the daily average new registrations exceed 20000, bringing hundreds of wine orders every day. Drink is in real circulation and of great value
8. The liquor chain creates the "seigniorage" of the global liquor instry, seizes the right to speak in the instry, and each participant will own shares in the instry
9. The founding team of liquor chain has been doing practical work with strong action power. Since the launch of drink, the team has been continuously promoting the implementation and application of the project and never stopped
10. The liquor chain has nearly 1000 communities and more than 300000 fans, which will surely create greater value for the liquor chain
11. The short-term depends on technology, and the long-term depends on faith. People who make money in the coin circle are hoarding money rather than speculation
12. When the bull market comes, the liquor chain will be able to grow rapidly
13. Instry chain is the future development direction of blockchain application. Liquor chain is the pioneer of instry chain, and has incubated more than 10 instry chains and one instry chain exchange. In the future, drink will become the Ethereum in the instry chain
14. The instry chains incubated by the liquor chain team are all based on drink, and the market demand of drink is constantly growing
15. In the raising stage of liquor chain, the original quota anchoring method of equivalent liquor is adopted. All partners participating in the raising will return the capital. Without the pressure of capital return, the investors will hold it for a long time. The more holders, the longer the time, the higher the price
16. After the liquor chain goes online, it will be underpinned by liquor, with constant anchor currency price and no risk for long-term holding
17. Drink is in line with the major policy of the national chain reform and the general trend of the currency circle from the virtual to the real
18. Drink is a practitioner of token economy and is in the forefront
19. The liquor chain "troika" will lead drink to take off.
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