Restrictions on the use of central bank digital currency
The digital currency of the central bank is DCEP
the name of the digital currency developed by the central bank is DCEP (digital currency electronic payment). DC is digital currency. EP is electronic payment. Payment transmits digital things through a certain way, not paper currency. Therefore, electronic payment itself has the attribute of digital currency
The characteristics of digital currency are: low transaction cost; Fast trading speed; Highly anonymous
extended data
Application of digital currency
I. fast, economic and safe payment and settlement
cross border payment helps RMB internationalization. In 2015, the settlement volume of cross-border payment involving current account is about 8 trillion yuan. To accelerate the internationalization of RMB, cross-border payment and settlement procts and solutions with low cost, high efficiency and low risk are needed
At present, there are still a lot of repetitive human work in the bank's electronic loan process and processing process, and as the basic support of loan issuance, many of the collateral has the situation of false pricing or multiple or even no collateral. We can consider using digital currency to price and track bank collateral:3. Bill finance and supply chain finance
in recent years, various bill market businesses based on commercial bills have grown rapidly, and bill financing procts have become a hot area of Internet financing. However, about 70% of the current bill businesses in China are still paper transactions, Supply chain finance is also highly dependent on labor costs
reference materials
network digital currency
2019 August 21st, the official account of WeChat central bank released two articles on digital currency.
in addition, transaction
the central bank's digital currency does not need to be traded
just like ordinary cash, it's just digitized. How can we trade RMB or digital currency
have you been cheated
some people use digital currency as a cover to cheat people,
now there are too many
People often talk about these initiatives in the context of digital money supply. In fact, more than 90% of the money in circulation has become digital money. In most instrial countries, only about 10% of the money is in the form of physical cash. The central bank is making a huge investment to further accelerate and simplify the digital payment process. In the US, the Federal Reserve will soon unveil a new solution, fednow. It can support nationwide real-time electronic payment. In addition to the United States, Britain, Australia, Mexico and Nigeria have also built and deployed similar infrastructure
blockchain Technology Workstation of Lianqiao ecation online is the only approved "blockchain Technology Specialty" pilot workstation of "smart learning workshop 2020 Xueshuo innovation workstation" launched by the school planning, construction and development center of the Ministry of ecation of China. The professional station provides diversified growth paths for students
to regulate the money supply through open market operation
change the interest rate of central bank loans to commercial banks
secondly, it affects the reserve ratio
adjusts the statutory reserve ratio
changes the Reserve interest