China digital currency Research Institute established

1. The central bank's plan to set up the digital currency Research Institute is only a research institution, and there is no conflict with the current paper currency. The function of this research institution is to study feasible solutions. The central bank has been paying attention to digital currency for a long time, and has started the work related to digital currency
however, when the digital currency scheme is implemented in the future, cash can still be used universally, because it is determined by China's national conditions. bitcoin, Leyte, decent and other digital currencies may only exist as an asset class in the future.

2.

The digital currency developed by the central bank has such a definition: encrypted digital string representing specific amount guaranteed and signed by the central bank . In a broad sense, digital currency includes a wide range of aspects, including electronic currency, virtual currency and legal digital currency. But strictly speaking, the digital currency developed by the central bank refers to legal digital currency

electronic currency is the digitalization of legal tender, including our common bank cards, Internet banking, electronic cash, Alipay and so on. No matter what the form of these electronic money is and through which institutions it circulates, its original source is the legal money issued by the central bank

In contrast, virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. For example, Tencent Q coin and other game coins, such virtual currency is mainly limited to circulation in a specific virtual environment; Bitcoin, for example, solves the problem of decentralization and distrust through blockchain technology, realizes global circulation, and is sought after all over the world. In other words, virtual currency can only be closed in the network circulation, and digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency, bitcoin is illegal

the digital currency researched and issued by the central bank is indexed RMB, which belongs to legal encrypted digital currency from the perspective of national schemes, and it is not only a payment tool but also a currency itself< the purpose of digital currency issued by the central bank is to replace physical cash, rece the cost of traditional paper currency issuance and circulation, and improve the convenience and transparency of economic transactions

hope to adopt

3. The establishment of the digital currency Research Institute by the central bank can speed up the pace of launching digital currency by the central bank
the "trace" and "traceability" of digital currency can improve the convenience and transparency of economic transactions. Economist Yu Fenghui said that money laundering, tax evasion and other criminal activities are expected to decrease. At the same time, with the application of blockchain technology, a unified account book will be established nationwide or even worldwide, so that every sum of money can be traced back. Tax evasion and money laundering will be within the scope of supervision, and it is even possible to realize automatic tax dection on the card machine
in the future, the digital currency launched by the central bank will become the mainstream, and the digital currencies such as lightcoin, bitcoin and decent may be marginalized.

4. Don't listen to others any more. I've experienced it myself. Fortunately, I have to go back. Don't worry

5. On November 16, Beijing time, the 2016 China finance and development innovation forum and the founding ceremony of China digital currency Research Institute, sponsored by China Shengbao investment group, was successfully held at the Great Hall of the people in Beijing
however, the director of the National Institute of digital currency does not know who it is. Coin Ying China is also very well-known in the coin circle. It is at the forefront of the times and has created a new mode of blockchain + crowdfunding.

6.

On July 8, the digital currency Research Institute of the people's Bank of China formally reached a strategic cooperation agreement with didi travel to jointly study and explore the scene innovation and application of digital RMB in the field of intelligent travel. The two sides hope to promote the platform ecological construction of digital RMB in diversified travel scenarios through the establishment of cooperative relationship

didi travel said that under the guidance of relevant departments, it will cooperate with the digital currency Research Institute to strictly implement the guidelines put forward by the Party Central Committee and the State Council to improve the ability of financial services to the real economy, and promote the integrated development of the digital economy and the real economy

this article comes from the author of car home, which does not represent the standpoint of car home

7. In 2009, Nakamoto Tsung invented bitcoin, which was the only digital currency at that time. Later, V God invented Ethereum, and then all kinds of counterfeit coins emerged one after another. So far, there are more than 1000 kinds of digital virtual currencies in the world. But with so many digital currencies, there are good and bad. Bitnet exchange has selected the most mainstream digital currency in the market to provide trading for investors.