How should banks deal with digital currency

1. In addition to bitcoin, Ruitai, Laite and Ruibo, the mainstream digital currencies have certain liquidity, other Shanzhai currencies basically have no liquidity. The related application is even more deficient, just staying in the theoretical stage

of course, it is not ruled out that large institutions will develop liquid digital currencies in the future.

2. The virtual currency we use on the Internet, such as q-coin or other game currency, is strictly virtual goods or intermediate goods. It is not money and does not have the purchasing power of legal tender. Bitcoin, which is more talked about in the market, is also different. It is a decentralized virtual currency realized by using blockchain technology, which is easy to facilitate money laundering. Therefore, the application of blockchain technology should not be copied. If the central bank issues digital currency, it should be a kind of centralized currency. The legal currency issued by the central bank, encrypted and supported by national credit, should meet the regulatory requirements
a few days ago, Indian Prime Minister modi announced the issuance of a new currency aimed at combating tax evasion and money laundering. In fact, if the central bank issues digital currency with perfect technology and mature mechanism, it will have better effect. Because the digital currency, in addition to anti-counterfeiting, with the help of blockchain technology, makes the capital data traceable and highly transparent. These features can also be used for macro data statistics and monitoring, which has positive significance for big data risk control
as for what bank digital currency is, the central bank requested at the meeting on January 20 this year that the research team of the people's Bank of China should actively absorb the important achievements and practical experience of digital currency research at home and abroad, continue to promote on the basis of preliminary work, establish a more effective organizational guarantee mechanism, and further clarify the strategic objectives of the central bank in issuing digital currency, Do a good job in tackling key technologies, study the multi scenario application of digital currency, and strive to launch the digital currency issued by the central bank as soon as possible.

3. Brief introction: Shanghai Xingong Machinery Co., Ltd. is a comprehensive machinery manufacturing enterprise. Its procts include spiral sand washer and roller ore washer; Solid liquid separation equipment, mining equipment, environmental protection equipment. To undertake large and heavy parts machining. The company's business policy is: "people-oriented, science and technology leading, quality first, customer satisfaction, integrity and truth-seeking, pioneering and enterprising." Continuously introce and absorb advanced technology at home and abroad, introce advanced testing equipment, introce and absorb modern management, and constantly improve the proct system and technical functions. The proct has passed ISO9001 quality management system certification
legal representative: Su Huixing
time of establishment: November 8, 2001
registered capital: RMB 2 million
Business Registration No.: 310112000334700
enterprise type: limited liability company (invested or controlled by natural person)
address: No. 237, Youdong Road, Minhang District, Shanghai

4. When an instry is rising, the first wave is platform and traffic, and then the various applications. And like anti-counterfeiting traceability and supply chain, I am very optimistic about TAC traceability chain.

6. There are many trading platforms, but it's safe to choose mainstream ones, such as fire coin, coin security, okex, kucoin, gate.io, etc. now many market websites can see the top ranked exchanges, such as blockcc, token club, etc

7. To design digital currency, we need to consider the following things:
first, we need to clarify the concept, definition, classification, functions and characteristics of digital currency, put forward the Chinese definition of digital currency, distinguish the similarities and differences and relations between legal digital currency and private digital currency in technical characteristics, economic characteristics and institutional arrangements, and discuss the process of digital currency performing monetary functions, And how to meet the requirements of a high-quality monetary system
Second, we need to conct in-depth research on the operation of digital currency, and explore the issuance, circulation, transaction and withdrawal mechanism of digital currency based on the al system of central bank and commercial bank. On this basis, the selection of technical route and key technology to meet its operation mechanism is discussed, and the key technology research and breakthrough are carried out
thirdly, we should study the effect and influence of digital currency on monetary and financial operation system
fourthly, based on the above research results, the scientific top-level design of digital currency supervision is formed, including the development and design of digital currency, the development of applicable regulatory coordination tools, and the selection of appropriate regulatory indicators
more importantly, the digital currency that the central bank plans to issue is different from bitcoin, Leyte, dogcoin, decent and other digital currencies.

8. There was no impact
at present, the national legal digital currency is only tested in a small range, and has not been officially used
digital currency is the same as paper RMB, which has the same legal effect. Even if it is widely used in the future, it will not affect the existing financial business, and the fixed deposit will not be affected.

9. If digital currency is fully popularized, then there is still a need for commercial banks to exist.

10. Generally speaking, the response of banks to inflation depends on what measures the central bank takes. It seems that recently, the central bank has raised the deposit reserve ratio several times, which is one of the means to direct the banks to deal with inflation<

the central bank mainly deals with inflation through various monetary policies:
first, control currency issuance< Second, control and regulate the loans to the government
Third, open market business
Fourth, change the deposit reserve ratio
fifth, adjust the rediscount rate
sixth, selective credit regulation
seventh, direct credit control

hope it can help you!