Why China develops digital currency
digital currency is likely to change the current world monetary pattern and become the mainstream of currency in the future
the essence of money is a tool to measure the price, from the most primitive shells, later copper coins, gold and silver, and now paper money. They do not have the value attribute, but when people give it the value measurement standard, it acts as a tool to measure the value. They are credit currencies. It is because of the strong credit endorsement of the state that the public recognizes them as the medium of goods exchange
this also means that you can go out later without anything. As long as you have money in your digital currency, you can buy anything you need. Later, with the development of the Internet of things, everything will be connected, and your clothes, shoes and bags may become the carrier of digital currency
at present, digital currency is still in the exploratory stage, and its use is still to download app, and then use it. Recently, Shenzhen has issued several rounds of red packets, each user can get 200 yuan red packets, which can be used in designated shopping malls, supermarkets, restaurants and many other places, and some enterprises use it to pay wages, and large-scale pilot will be implemented in the future
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In recent years, China has made great progress in the development of digital currency on the premise of controllable risk, but it also faces many challenges. The development of digital currency in China starts from private digital currency. The increase of demand and the expansion of market scale of private digital money market promote the development of private digital money market. In addition to bitcoin, the transaction scale of some virtual currencies is also graally increasing. Due to the lack of corresponding regulatory policies, the development of private digital currency presents a disordered state, and there are some risk events, which lead to large losses for some investors and impact the stability of the financial system to a certain extent. In this regard, the people's Bank of China and other relevant regulatory departments have issued strict rectification measures to strictly restrict the issuance and market transactions of private digital currency. At the same time, the people's Bank of China actively promotes the research and development of digital RMB and other related work, and the role of government departments in the development of digital currency in China has been further enhanced{ RRRRR}
Hello, the replacement of paper-based RMB by digital RMB is basically certain. Just as the era goes from entity to e-commerce, RMB also goes from offline to online. Its function is exactly the same as paper money, that is, the digital version of paper money
at present, China's digital currency is a leading technology, which is bound to accelerate its digital currency construction in the short term, in order to find the gap with DCEP. However, DCEP can ultimately promote the nationalization of RMB, still depends on the steady growth of domestic economy and the international circulation ability of RMB itself, not only on the digital technology of RMB, but also has a long way to go
Digital currency has been issued in some cities in China, but it will take some years for it to be popularized{ RRRRR}
3. It takes a while for digital currency to be popularized in an all-round waydigital currency is to turn paper money into a number that people can see on the Internet, which is more convenient for people to operate as long as we use the mobile phone in our daily life, we can complete a series of commodity transactions without using the Internet. At that time, it will be the real realization of a mobile phone that can travel all over the world
therefore, as the world's second largest economy, we need to develop and implement digital currency
the above are my personal suggestions, which I hope will be helpful to your questions.
China's digital currency is as long as there is a mobile phone, no network, as long as the touch can be paid, and with detailed transaction records, it is very helpful to combat money laundering crime; This currency is mainly aimed at grabbing shares for Alipay, WeChat and POS terminals. It can also pave the way for RMB internationalization. Digital currency is not only safe and endorsed by the state, but the global central bank is pushing digital money. Now the digital currency is still in the testing stage. What time will it be popularized? It will have to wait until the Beijing Winter Olympic Games in February 2022 to fully promote the use
China's central bank's digital currency can be used for daily micro payments. Because it will be more stable with the endorsement of the state, the central bank's digital currency is different from bitcoin and Libra launched by Facebook. I give digital currency legal effect, and indivials can't refuse to accept it. At the same time, it is very convenient to use. It can be paid without binding any bank account. Digital currency will not cause inflation. Now it can be implemented and used in Shenzhen, xiong'an, Cheng, Suzhou and other cities. It also shows that the era of paperless is coming. Digital currency is a new concept with high technology content. In the future, RMB will enter the 3.0 era. Although the current digital currency is more powerful, it is still unable to put an end to money laundering and corruption
it can be said that China's currency provides a useful space for a RMB transaction in the world. Even for many people, digital RMB may provide a useful and effective way for a world bank to communicate
the use of digital currency has a direct impact on a country's economic development. It can be said that on the technical level, digital currency provides a forced mechanism to ensure that it can monitor all capital flows and implement greater control over China's financial system and capital account. The development of digital currency in China can also effectively provide the direction for China to avoid the U.S. leader's financial system
without this calculation, the whole system is not secure, so these seemingly meaningless calculations are to ensure everyone's security
I think there are several reasons for the country to accelerate the promotion of digital currency:
first, digital currency is an important part of national security{ RRRRR}
although we have not yet seen the true face of digital currency, I believe that China's digital currency will shine in the world