How does digital currency defeat us dollar hegemony

1. The core value of CBDC can be summarized as four points: first, the original purpose is to let the central bank better manage money creation and supply, enhance the effectiveness of monetary policy transmission mechanism and better deal with the business cycle. Second, the construction of payment and clearing infrastructure based on blockchain related technologies can rece costs and increase efficiency. digital currency can greatly rece the cost of currency issuance, circulation, use and other links, and realize banknote free transactions, which is also in line with the current trend of rapid development of electronic payment. Third, it has given the central bank stronger control over the monetary system, such as KFC, anti money laundering, anti-terrorism financing, and some targeted policies. Before the launch of Libra, the central bank attached importance to CBDC mainly for the above three purposes. But now, the significance of CBDC in promoting the internationalization of RMB has become more important than ever. This is the fourth purpose of the central bank. Judging from the current progress of RMB internationalization, there are indeed many difficulties. One is the US led encirclement and interception, and the other is the turbulence in the stock and exchange markets. In order to break the encirclement led by the United States, realize the normal development of the stock exchange market and the foreign exchange market, and realize the internationalization of RMB, it is really a good way for the central bank to issue digital currency. On the 10th anniversary of RMB internationalization, RMB internationalization has made remarkable achievements. 13 international financial institutions around the world began to pay attention to China's bond market. In the tide of interest rate rection in developed countries, negative interest rate has become a conventional means, and China's bonds are very competitive in the world. As of the second quarter of 2019, 38 countries have signed currency swap agreements with China, with a total amount of 3.67 trillion yuan. The one belt, one road, which one belt, one road to push forward, is continuously creating demand for RMB internationalization, and the export of RMB has become an important means of "one belt and one road" internationalization of RMB. In addition, RMB is one of the most active currencies in the global foreign exchange market, and London has surpassed Hong Kong as the world's largest offshore RMB foreign exchange trading center. With the steady development of China's economy, RMB assets will continue to be favored by all countries in the world< One belt, one road or other friendly country, was also shared by the Central Bank of China when it issued the CBDC. It shared some of the mint rights with br />
CBDC. How to participate? Including the following two cases, let's take Kazakhstan as an example. The first is that Kazakhstan can issue RMB denominated Kazakh government bonds. The issuer is Kazakhstan, but the RMB denominated bonds are sovereign bonds for Kazakhstan, which can also be sold to the Central Bank of China in exchange for CBDC. The second is that Kazakhstan issues treasury bonds denominated in its own currency, which are issued by Kazakhstan and priced in its own currency. This method is the easiest for Kazakhstan, because this is their own national debt, which is sold to the Central Bank of China, which gives it CBDC. The similarities between the two lie in that they both sell treasury bonds to the Central Bank of China, but the issuers of treasury bonds are not the same, and the pricing currencies of treasury bonds are not the same, so the requirements for Kazakhstan are not the same. In theory, these ways can be used as a political tool to influence and regulate the relationship between the Chinese government and Kazakhstan<

4 digital currency will become the biggest magic weapon of RMB internationalization

China is now facing the biggest challenge, in terms of currency, in fact, the internationalization of RMB. The monetary settlement system based on US dollar has brought great problems to the decision-makers outside the US dollar. The best way to rece the status of US dollar is to replace us dollar with a global digital currency to end the dominant advantage of US dollar. The Chinese version of CBDC is likely to become the biggest magic weapon to promote the internationalization of RMB and end the hegemony of US dollar. The opportunity for RMB internationalization lies in the trend of de dollarization. Therefore, we need friendly countries other than US dollars to participate in China's digital currency. Taking the lead in the use of digital currency in block trading and financial settlement to bypass the restrictions on trading in US dollar will certainly realize the development of de dollarization and form a new currency trading system dominated by China and participated by many parties. So how to achieve it? In essence, it is to transfer benefits, so that non dollarized friendly countries can participate in the issuance process of CBDC, and even share the seigniorage of RMB. It is the most effective magic weapon to embody the spirit of democratization and benefit sharing of blockchain and bitcoin in the design of sovereign currency, which is also the most practical way to realize the internationalization of RMB.

2.

The role of digital currency:

1. First of all, the central bank's digital currency can provide a huge data base for monetary policy and macro Prudential policy, so that the regulatory authorities can collect real-time trading books of different frequency and different institutions according to their needs, and it is complete and real. This information advantage can help the central bank use policy tools more accurately and flexibly

Secondly, the central bank's digital currency technology can track the flow of funds and help the regulatory authorities to comprehensively monitor and assess financial risks. Finally, the central bank's digital money technology is concive to the transmission of interest rate of monetary policy. Digital currency technology supports "point-to-point" payment and settlement, which can improve the liquidity of market participants. Only the digital currency of the central bank, which is generally accepted by the whole society, can radiate this advantage to the participants of different financial markets, so as to improve the liquidity of financial markets. This will make the term structure of interest rate smoother and the transmission mechanism of interest rate smoother

extended data:

digital currency can be considered as a virtual currency based on node network and digital encryption algorithm. The core characteristics of digital currency are mainly reflected in three aspects: because it comes from some open algorithms, digital currency has no issuing subject, so no one or institution can control its issuing; Because the number of algorithm solutions is fixed, the total amount of digital currency is fixed, which fundamentally eliminates the possibility of inflation caused by the overuse of virtual currency; Because the transaction process needs the approval of each node in the network, the transaction process of digital currency is safe enough

3. Bitcoin itself is as worthless as money, which can be understood as a kind of credit. It is used to circulate and buy things. mining can be understood as that the computer is working, the electricity bill is needed, the cost is needed, and the investment has money or virtual currency. It's almost like work. It's just a different way, and so on

4. Bitcoin data (ledger) is stored in the computer (mining machine) of the whole node.

6. Any sanction is a double-edged sword. If the United States sanctions China, China can also counter the United States. If the United States really sanctions China, it just does not allow us to trade oil with Iran in US dollars. We can trade goods with Iran. We can exchange our goods with Iran's oil, and we can trade oil with Iran in another currency, This may cause other countries to follow suit. This is the last thing the United States wants to see. It will crack the US dollar hegemony in disguise. If the US dollar hegemony goes bankrupt, the US economy will collapse. It depends on whether our country's leaders have such strategic wisdom
the impact on China is nothing more than that the oil price is a little higher, and our oil import will face a more unfavorable situation. China's procts are famous for their low price in the world. When the price of raw materials is high, we can also transfer our pressure to consumers. The low price goods used by foreigners will no longer be low, and we are not the only ones who suffer losses.

7.

So far, digital currency has not been officially launched in China. Before introcing digital currency, we should distinguish two concepts, one is mobile payment, the other is digital currency. There is a big difference between the two. Don't think mobile payment is digital currency. At present, China's mobile payment has been very developed, people know more about Alipay, WeChat payment, China UnionPay Express link, etc. These are just payment methods. They use e-money instead of cash to facilitate business transactions. Digital currency is a new type of currency based on blockchain technology

it can be seen that the issue of digital currency has little to do with the people, which is equivalent to adding another currency. The value of this currency is more stable and can be exchanged in the current currency. The main purpose is to facilitate international trade settlement, which has little impact on ordinary retirees

8. Yes, China's RMB has graally become an international currency, and China's international status has improved significantly.

9. For homeowners, if they can't cancel the online signature, they will not be able to sell their houses and go through the transfer proceres separately; For buyers, because the current bank mortgage loan needs online signing proceres, so if you can not cancel the online signing, you will not be able to handle other housing mortgage loan proceres

to cancel the online signature, both parties need to negotiate and agree, and go through the cancellation proceres at the same time; If the negotiation fails, the party who wants to cancel can only sue in the court

the actual operation of online signing contract of second-hand housing is as follows:

1. Online signing contract is signed through real estate agency, and the real estate agency and the buyer and the seller go to the real estate trading center to cancel the online signing contract (if they have not paid the tax of second-hand housing transfer, they can cancel the online signing contract through the real estate agency)

2. The online contract is signed and submitted in the real estate trading center, as long as the buyer and the seller go to the real estate trading center to cancel the online contract

to cancel the online contract, the following materials should be submitted:

(1) completed application form for cancellation of information of stock house sales contract (signed or sealed by the parties)

(2) the original and of the party's ID card; In case of entrustment, the power of attorney shall also be provided

at the same time, take back and destroy the signed second-hand house sales contract.

10. Now your UU is full, put a fluid pop-up upgrade, next door put the replicator, UU can directly pop into the replicator. It can also be installed with empty units and then put into the plicator.