China to crack down on digital currency
At 8:00 on October 11, Shenzhen & lt; Enjoy Luohu digital RMB red envelope & quot; At the end of the appointment, the system successfully completed the pilot appointment registration, which is an important step in the development process of digital RMB. Adrian said: & lt; China's digital currency pilot leads the world, and the IMF pays close attention to the pilot situation of China's digital currency in some urban areas& rdquo; From the perspective of monetary statistics, the central bank's digital currency belongs to the category of M0, that is, cash, not M1 or m2. Therefore, he does not think it is necessary to worry about the impact on banks in the initial stage{ RRRRR}
overall, the impact of digital RMB on China's financial system will be all-round, and the development of China's digital system will usher in a new era
China's digital currency pilot project has begun to be in a leading position in the world. This achievement shows that China's digital currency is beginning to develop continuously, and the scale is also expanding. More and more instries begin to feel the convenience it brings us through digital currency. I believe that as long as we maintain this trend well, in the next ten years, China's digital currency will be fully popularized in China, reaching a more advanced, safer and more comprehensive level{ RRRRR}
at present, China's digital currency is becoming more and more convenient and safe because of the participation of each of us. What we use digital currency brings us is the security of our property. Everyone of us should believe that in the next few years, our digital currency will be popularized and developed in an all-round way
however, the digital currency that the central bank plans to issue has the monetary attribute and has the credit endorsement of the central bank. The central bank's version of digital money will first be applied to the bill market. It is still difficult for the central bank to popularize the digital currency in China, because the degree of economic development is different across the country
at the same time, there are some applied digital currencies in China. For example, the Puyin digital currency launched by Puyin group is a standard digital currency with credit endorsement of related tea assets.
digital currency is an alternative currency in the form of electronic currency. At present, no central bank of any government has indicated that it will issue digital currency, and digital currency does not have to have a benchmark currency and a central bank. It is different from the virtual currency in the virtual world, because it can be used for real goods and services transactions, not limited to online games. The early digital currency (digital gold currency) is a form of electronic currency named after the weight of gold. Today's digital currency, such as bitcoin, lightcoin and ppcoin, is an electronic currency created, issued and circulated by check sum cryptography. It is characterized by the use of P2P peer-to-peer network technology to issue, manage and circulate currency. In theory, it avoids bureaucratic examination and approval, so that everyone has the right to issue currency.
Jensen said, "after two years of stupid spending and bad decision-making, the bitcoin foundation has in fact gone bankrupt. The foundation even ran out of funds in November last year."
it is reported that the board of directors has tried to reverse this situation by looking for a new executive director, and Patrick Murck, the new executive director of bitcoin foundation, also believes that the only way out of this dilemma is for the foundation to only use the funds for those core development projects
however, according to Jensen, "the foundation has almost no funds at present, and 90% of its employees have been laid off, and only some of them remain as volunteers."
however, two other members of the organization also said that the bitcoin foundation is not bankrupt, it just needs to be restructured. Founded in 2012 in the United States, the bitcoin foundation is a non-profit organization. The organization has always said that it does not fully represent bitcoin, but is only an organization set up to promote the global development of bitcoin
Jensen also said: "the bitcoin foundation hates transparency. Jim Harper had planned to hold a press conference after the election, but was forced to cancel because the foundation was never open to the outside world. As a result, some smart people no longer trust the special currency foundation, so the foundation can't raise enough money. "
it should be noted that Jensen and Jim Harper are the two new board members newly elected last month. This election was voted by bitcoin Foundation's annual and lifetime members. 89% of the members participated in the pre election and 74% in the general election. In the results of the general election, Jensen won 277 votes, accounting for 63%, ranking first. This was followed by Harper's 264 votes, 60%. After being elected, both of them expressed the hope that the bitcoin foundation could carry out key research and development, fully realize the transparency of the organization, and finally make all stores and people in the world accept bitcoin. On March 15 this year, the two of them officially began their two-year term of office.
some time ago, the central bank also claimed to launch digital currency, but the digital currency to be launched by the central bank is just the digitization of paper money. The design concept of the digital currency to be launched by the central bank is completely different from that of bitcoin. The central bank emphasizes control rather than laissez faire. And it will take at least ten years for this digital currency to be launched
other digital currencies can only be circulated in a small range in China, which is unlikely to have a great impact. For example, Ruitai coin is only a kind of asset certificate, Qianjin card can only be used in Qianfeng mall, and bitcoin is only used in a small range.