Digital currency forum kick off meeting

1. After the people's Bank of China announced the launch of digital currency as soon as possible in January 2017, the governor of the people's Bank of China, in an exclusive interview with Caixin weekly, elaborated on digital currency in detail, saying that there was no established timetable. The relationship between digital currency and cash will be parallel and graally replaced for quite a long time.

2.

Ant technology is almost zero cost financing, through various forms of packaging debt, repeated borrowing, and then irresponsibly lend money to young people who have no ability to repay. This is basically bringing the crazy financial crisis of Wall Street in 2008 to China. The real capital market is changeable and more cruel than you think

ant technology's blood sucking through online loans has been picked out by many people. Zhou Xiaochuan, former governor of the Central Bank of China, also said at the Boao Forum of Asia recently that Internet technology giants controlled a large amount of data and market share, formed a monopoly and hindered fair competition, which led to the decline of Alibaba's share price

if Google can freely use users' personal information in financial business, it can also become the largest lending institution in the world. Google doesn't do it because American businessmen are particularly kind, but American policies don't allow it at all

as vice minister of Finance Zhou Jiayi said at the Bund financial conference, science and technology has not changed the nature of relying on credit to use leverage, supported the development of financial technology, insisted on the improvement of science and technology, prevented financial technology from incing excessive financial consumption, and encouraged the winner take all monopoly

now that the digital currency DCEP of "central dad" is on the way, can ma Yun's wishful thinking work well in the future? Let's wait and see< br />

3. ① They are willing to join the forum and build a platform for resource sharing with the forum
2. Agree to abide by the articles of association of the forum and the local laws and regulations of the forum
③ willing to fulfill the obligations of forum members and contribute to the development of the Forum
④ pay attention to the development of digital currency and blockchain, which has a certain influence in the field.

4. The first session was a closed door meeting with 500-1000 people. All the people who came were ambassadors to Hong Kong, ambassadors to China, and business celebrities from many countries. They all came for the sake of Asia dollar. The quality of the guests can be said to be quite luxurious. It can be said to be at the level of the United Nations.

5. It will be delayed in 2020, and it will be once a year in the future.

6.

1、 What is digital currency RMB

with the development of Internet technology, especially blockchain technology, many so-called & lt; virtual currency;, Such as bitcoin and Wright currency, which are controversial in recent years

as a substitute for M0 (cash in circulation, i.e. cash in circulation outside the banking system), the difference between the central bank's digital currency and the virtual currency such as bitcoin is that bitcoin is decentralized, while the digital currency to be launched by the central bank is centralized

the central bank's digital currency is a legal digital currency issued by the central bank based on national credit, which is exactly the same as RMB cash and is equivalent to cash{ RRRRR}

it can be predicted that the era of digital RMB is coming. For commercial banks and other financial institutions, digital currency will lead to more innovations such as digital credit, digital assets and digital liabilities. In addition, the central bank can improve the efficiency of monetary operation monitoring and enrich monetary policy means after the issuance of digital currency

In addition, the issue of central bank's legal digital currency will make it possible to collect real-time data such as money creation, bookkeeping and flow. After data desensitization, it will conct in-depth analysis through big data and other technical means, so as to provide a useful reference for money supply, formulation and implementation of monetary policy, and provide a useful means for economic regulation

In the short term, the introction of digital currency has little impact on the exchange rate; Digital RMB & quot; At present, it seems that the aim is to partially digitize the currency in circulation (so there will be zero interest rate compensation, 100% reserve requirement and limited weakening of financial intermediaries, also known as & lt; Disintermediation, Considering China's current capital account restrictions (especially the restrictions on capital outflow), the introction of digital currency is unlikely to have a great impact on the trend of RMB exchange rate in the short term

the development of Sino US relations, portfolio capital flow, yield advantage and valuation are still the driving factors for RMB. Due to the outbreak of the second wave of the epidemic, there was an outflow of funds from the United States. This should also boost market confidence in the RMB in the short term

2、“ Digital RMB & quot; It is a milestone of RMB internationalization; Digital RMB & quot; The design of settlement technology is very complex and becomes ubiquitous (by making full use of the increasing popularity of mobile phones and Internet applications in China and the inclusion of RMB in the IMF's special drawing rights basket), which may promote the internationalization of RMB and the diversification of the current US dollar centered International Monetary System in the long run

conclusion: when the central bank issues digital currency, it focuses more on domestic factors. On the one hand, it is the trend of the times; on the other hand, it has many advantages. And the internationalization of RMB, more often, is a matter of course. The introction of digital currency by the people's Bank of China is a major change in the monetary system, both domestically and internationally

7.

"I never thought that I would be able to use Alipay version of Alipay (PAYtm) back home. It's so exciting!" Chopra, a young boy who once studied in China and knows Alipay and WeChat, is satisfied with the current convenient consumption. Mobile phone payment makes him feel that life in Delhi is not much different from that in Shanghai. p>

the Indian government proposed the concept of "digital India" a few years ago, calling on people to use cashless payment in daily transactions. Subsequently, the order of banknote abolition accelerated the process of cashless payment to a certain extent

seeing the rise of China, they are all anxious to catch up< br />

8. The well-known domestic digital currencies are Yuanbao coin, Ruitai coin, Weimeng coin, Zhaocai coin, bitcoin and so on. Of course, these domestic currency and can not be compared with bitcoin, Leyte currency, doggy currency and other imported procts.

9. From April 18 to 21, the Boao Forum for Asia 2021 annual meeting was held at the Boao Forum for Asia International Conference Center in Hainan. During the meeting, Li Bo, vice president of the people's Bank of China, held a speech at the Boao Forum for Asia & lt; Digital payment and digital currency; When making a video speech at the sub forum, he talked about the supervision of bitcoin and stable currency, and made a clear definition of bitcoin; Bitcoin is an encrypted asset and an investment option. It is not a currency, but an alternative investment& rdquo; He believes that encryption assets may play a major role in the future as an investment tool or alternative investment. As an investment tool, many countries, including China, are studying its regulatory environment

The cross-border payment of digital currency is not an easy task. The cross-border payment of digital currency is not only a technical problem. Each country has its own macro-control needs. It is necessary to ensure the independence of monetary policy and do a good job in anti money laundering and anti-terrorism financing. In addition, the exchange rate system of each country is not the same. We should also respect the monetary sovereignty of central banks, not pursue a particular currency; To rule the world;. It is necessary to build a healthy ecosystem and form a special payment corridor in order to control the possible impact of the pilot project within a controllable range, or slow down its possible impact. As far as the specific implementation methods are concerned, there are three ways in the meeting. One is to make different central bank digital currencies compatible with each other, that is to say, different systems can be connected; One is to establish some interconnection lines to create a more closed-loop system. Different central bank digital currencies can establish seamless connection through different interfaces and interfaces; There is also a most radical approach, that is, to create an integrated system to accommodate different central banks' digital currencies and put them into the same operational framework

However, in the future, digital currency and cash will be in parallel and graally replaced for a long time. When the era of digital currency really comes, people will carry less and less cash, travel more and more safe, poverty alleviation more and more accurate, corruption more and more difficult to escape, and thieves more and more difficult