Issue and circulation of digital currency

1.

The digital RMB red envelope of 10 million yuan issued by Shenzhen city has brought the development of e-money back to the people's vision

in fact, since April 2020, small-scale pilot projects of digital RMB have been carried out in Shenzhen, Cheng, Suzhou and xiong'an, and the pilot scale will be expanded to 28 provinces and cities in August 2020

as a socially recognized "super outlet", in addition to the high investment of digital currency related enterprises, its impact on the financial market is also of great research value

Policy evolution of the development of digital RMB

as early as 2014, the central bank has concted research layout on digital RMB, and discussed the development framework of digital RMB with major international financial institutions and research institutions in the 2016 digital currency seminar

after six years of development, China has initially developed the "pbctfp blockchain platform" and continuously promoted the pilot activities of digital RMB. It can be predicted that as today's technology and policy outlet, digital RMB will have excellent development prospects and extremely fast development speed in the next few years

Figure 1: Policy Evolution of digital RMB

with the improvement of China's national strength, digital RMB provides an opportunity to establish a "new system of RMB cross border settlement", which can promote RMB payment activities around the world and realize the internationalization of RMB

2. At present, digital currency is not really in circulation in any country. In South America, there was a small country that wanted to issue its own sovereign digital currency, but there was no latest progress. Of course, China, Britain and other big countries have planned to issue digital currency, but it is still in a testing stage and has not really implemented it
the first country to recognize bitcoin as legal was Germany, which first defined bitcoin as an alternative currency. Of course, in the future, sovereign digital currencies may be popular, and digital cryptocurrencies such as bitcoin, Ruitai coin, Laite coin and vitality coin will become a supplement.

3.

I will still use Alipay, because Alipay is more convenient for . Although digital money purse does not charge circulation fees, it will not catch up with Alipay in terms of popularity. Moreover, the money will be placed in Alipay, and there will be interest. Put it in the digital currency purse, it doesn't have to have interest

03 and Alipay are more fun.

payment is just a small function of Alipay. Alipay also has many interesting functions. Alipay can grow , and it is really kind of planting trees. This kind of public welfare function makes people feel very meaningful< also has the function of raising chickens , which is also very interactive. Moreover, by the end of the year, Alipay will still be able to collect money. A Alipay has many functions. Can check medical insurance, provident fund and so on

comparison, I think there is a Alipay is enough, other do not need. Therefore, even if the digital currency does not charge for circulation, I still feel that Alipay is better used. After all, Alipay covers all aspects of our life, and it is more convenient to download a APP. p>

4. It shows that the total amount of this kind of digital currency is relatively large, and the total amount of many digital currencies is as high as 10 billion. The circulation of some MLM coins is not constant and can be increased or split at will. Moreover, there are many different digital currencies in the world, and the number of each digital currency is very considerable
the well-known digital currencies in the currency circle include bitcoin, Ruitai coin, Laite coin, doggy coin, etc.

5.

is not online yet, but it can be put into use immediately after it is online. The digital currency of CCB a few days ago is actually a test. However, some people say that this warm-up is likely that the digital currency will be issued and used immediately. what is the use of digital currency? Is it the same as WeChat Alipay? In this regard, Wang Jian, chief analyst of Guoxin Securities financial instry, believes that the number of Renminbi and banknotes and coins are RMB cash. Alipay, WeChat payment and so on are just a payment tool. Through these two channels, the balance of personal bank card is still used, or the credit card is being brushed, and the digital Renminbi payment is used. What we spend directly is digital RMB, just like cash

However, I would like to say that although the digital RMB itself is very safe and the central bank's digital currency should also carry out anti money laundering and anti terrorist financing, we should also prevent it from being used for online gambling and any cyber criminal activities

6. 24h volume refers to the trading volume of the currency within 24 hours. Generally speaking, the larger the trading volume, the more active the transaction, and the stronger the liquidity of the currency.
look at today's volume:

7. That is to say, the total number of digital currencies issued is 10 billion, but only 250 million have been released for circulation in the market at present.

8. It should not, because under special circumstances, cash is more reliable than digital currency. For example, there is no flow or mobile phone. Currency in circulation has a history of thousands of years in China, and it can not be replaced overnight