Digital currency cannot be exchanged for gold
Hello, according to your question, at present, there is no saying that RMB can buy digital currency, so this should not happen
bitcoin will never replace gold
this view does not mean that I am against bitcoin or I am not optimistic about the development prospect of digital currency. On the contrary, I am optimistic about the development of digital currency. However, no matter how much bitcoin and other digital currencies develop, they will never replace gold. The reasons are as follows:
first, gold reserves are limited and there is no substitute, Bitcoin can be replaced at any time
at present, about 170000 tons of gold have been mined in the whole earth, and the gold reserves of all countries in the world are 33259.2 tons, and the rest are used in jewelry, instry and private investment fields. With more and more gold mining, the proven reserves of gold will be less and less, so gold will be more precious in the future
But bitcoin is different. Bitcoin is just a kind of virtual currency. To put it bluntly, it is a computer program. People can develop digital currency similar to bitcoin at any time, so bitcoin can be easily replaced From this, we can see that although the US dollar is also a world currency, the US does have a very large proportion of gold foreign exchange reserves, which in turn further strengthens the status of the US dollar
so in general, the status of gold can never be replaced by bitcoin< br />
Mu Changchun said that digital RMB is legal tender, which is equivalent to banknotes and coins. What banknotes and coins can buy, digital RMB can buy. Banknotes can buy gold and can be exchanged for foreign exchange. Of course, digital RMB can also be exchanged< In fact, the central bank has repeatedly stressed that the legal figure RMB is the currency in circulation, that is, the substitution of M0, which has the same legal compensation as RMB. Fan Yifei, vice governor of the people's Bank of China, once pointed out in the financial times that digital RMB is a legal tender in the form of numbers issued by the people's Bank of China. It is mainly located in cash in circulation. It has the characteristics of value and legal compensation. It does not calculate and pay interest, and the central bank does not charge for services such as exchange and circulation
among them, legal compensation means to pay all public and private debts in China in digital RMB, and no unit or indivial can refuse to accept them if they have the conditions to accept them. That is to say, digital RMB is an alternative to the existing paper currency RMB in circulation. In addition, he also stressed that from the management rules of M0, the issuance and circulation of digital RMB should be regulated according to cash
the reporter noted that the law of the people's Republic of China on the people's Bank of China (Revised Draft) issued by the central bank on October 23 clearly pointed out that "RMB includes physical form and digital form", which also provides a legal basis for the use of digital RMB in the future. In addition, "no unit or indivial may make or sell token tickets or digital tokens to replace RMB in circulation on the market."
in addition, Mu Changchun also introced the results of Shenzhen digital RMB pilot at this year's annual meeting of Financial Street Forum. He said that as of 24 o'clock on October 18, a total of 47573 people had received red envelopes, accounting for 95.15% of the total number of winners. Among them, 62788 transactions were paid with red envelopes, and the amount of red envelopes was 8764231.23 yuan.