Accounting treatment of RMB digital currency

1.

If it is legal tender, then it has no effect. For example, the non legal tender issued by the central bank is regarded as a financial asset. It has little impact on the tax system

it has a subversive potential impact on accounting practice. Those who try to cheat on tax should be careful. In theory, you can analyze those evasive behaviors that you have done at almost zero cost

if digital currency is widely accepted and can play the role of currency, it will weaken the effectiveness of monetary policy and bring difficulties to policy-making. Because digital currency issuers are usually unregulated third parties, money is created outside the banking system, and the amount of circulation depends entirely on the wishes of the issuers. As a result, the money supply is unstable. In addition, the authorities are unable to monitor the issuance and circulation of digital currency, which leads to the inability to accurately judge the economic operation and brings trouble to policy-making, At the same time, it will weaken the effectiveness of policy transmission and implementation

extended data

various bill market businesses based on commercial bills are growing rapidly, and bill financing procts have become a hot field of Internet financing. However, about 70% of the current domestic bill business is still paper transactions, and supply chain finance also relies heavily on labor costs

in the future, if we realize the digital monetization of bills and adopt the blockchain transaction, we will make the bills, funds, financial planning and other related information more transparent. With the help of intelligent contract, we can generate an unforgeable, open and unique electronic contract between the borrower and the borrower, and directly realize the point-to-point value transfer, without the need for specific physical bills or central system for control and verification, It can prevent selling more than one vote, track the flow of funds in time, protect the rights of investors and rece the cost of regulators

2. After the digital currency is sold, it is generally universal usdt, or OTC, which can be directly converted into legal currency, that is, RMB, which is not difficult to operate.

3. What is the impact of setting currency on the accounting instry? First of all, setting up the emergence of currency, let's have a clear effect on the systematicness, convenience and purpose of the whole currency

4. It's easy to enter the currency circle. Just find a large trading platform and open an account. I suggest you go to the okex exchange. The security is the best in the circle. After opening an account, first practice with small money, know some basic things, such as legal currency trading, how to pick up money and charge money. After having a basic understanding, go to bitcoin websites all over the country to learn the technology and strategy of trading.

5. Can digital currency be converted into cash? This is for sure. There is a platform for converting currency into cash currency. For example, if bitcoin is converted into RMB, it can be converted in bitcoin China

6. It depends on what kind of digital currency. If you buy it directly from a bank account, you can only buy digital RMB, but there is a special digital wallet
if it is other digital currencies, such as bitcoin, Ethernet and so on, if you want to buy it through renminbi, you can only purchase on the digital currency trading platform. Many trading platforms can be purchased directly by WeChat, Alipay, bank card and so on. Of course, choosing a reliable platform is also very important, like the currency of fire. Saturn exchange and so on are good platforms. Recently, a lot of friends have been in Amway, mainly because they have formal digital currency licenses. Such exchanges are relatively safer and less worry.

7. This is no problem for you, but it needs to be calculated according to the real-time price exchange rate. For example, HT exchange eth:
at 17:53 on November 11, 2019, ETH's data in Manchuria is 185.68 US dollars and HT's is 3.76 US dollars. We need to exchange our HT into eth. We can choose HT transaction to exchange directly with the special zone. The conversion formula is: (HT / usdt) / (ETH / usdt)

8. In China, digital currency platforms seem to be illegal, so pay attention to risks.