Is digital currency launched on double 11

1.

It's illegal

the central bank indicated that it has not issued legal digital currency, nor authorized any institutions and enterprises to issue legal digital currency, and there is no promotion team. At present, the so-called "digital currency" in the market is not legal digital currency

In addition, the so-called "digital currency" launched by some institutions and enterprises and the so-called promotion of the central bank's issuance of digital currency may involve pyramid selling and fraud

extended information:

virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency

in 2013, the central bank, together with five ministries and commissions, issued the notice on prevention of bitcoin risks, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, which do not exist in the form of currency and legal currency

2.

On November 9, 2019, the central bank has not launched digital currency

in 2014, the Central Bank of China set up a special research team to conct in-depth research on the framework of digital currency issuance and business operation, key technologies of digital currency, issuance and circulation environment, and legal issues

in January 2017, the central bank officially established the digital currency Research Institute in Shenzhen

in September 2018, the Institute of digital currency built a trade finance blockchain platform

On July 8, 2019, at the launching ceremony of the digital finance open research program and the first academic seminar, Wang Xin, director of the Research Bureau of the people's Bank of China, disclosed that the State Council has officially approved the research and development of the central bank's digital currency, and the central bank is engaged in corresponding work in organizing market institutions

extended data:

benefits of digital currency

the digitalization of central bank's currency helps to optimize the central bank's monetary payment function, improve the central bank's monetary status and the effectiveness of monetary policy. The central bank's digital currency can become an interest bearing asset to meet the holder's reserve demand for safe assets, and can also become the lower limit of bank deposit interest rate. It can also become a new monetary policy tool

at the same time, the central bank can affect the bank deposit and loan interest rate by adjusting the digital currency interest rate of the central bank, and help to break the zero interest rate lower limit

3.

On A-share, the leading stock of digital currency concept is Hang Seng electronics, with the stock code of 600570

The main business of Hang Seng Electronics Co., Ltd. is to provide domestic financial institutions with software procts and services as well as financial data business, and to provide wealth management tools for indivial investors

4. Recently, the central bank has made new progress in issuing digital currency. It is understood that the blockchain based digital bill trading platform promoted by the central bank has been successfully tested, the legal digital currency issued by the central bank has been put into trial operation on the platform, and the digital currency Research Institute of the central bank will be officially listed after the Spring Festival.

5. Bank of China has not launched or plans to launch any digital currency, let alone specific events. In China, the major commercial banks have drawn a clear line with digital currency for a long time. Although the attitude towards digital currency is not so cold now, the law is still not prohibited. However, the central bank held a digital currency seminar earlier this year and planned to launch its own digital currency, which is different from cryptocurrencies such as bitcoin, Ruitai and Laite.

6.

A few days ago, some media reported that in the future, once the legal digital currency really runs, the application scenarios will penetrate into all aspects of social life, but its real launch will take time

At the same time, the issuance of legal digital currency will greatly increase the number of point-to-point transactions, bypassing the original regulatory system to a certain extent, which is easy to facilitate illegal transactions. As digital currency makes it very convenient to convert deposits into cash, financial panic and financial risk will accelerate the spread once they occur, which increases the difficulty of supervision

In addition, in the process of using legal digital currency, a large number of user data and transaction information will be obtained. How to store and manage these data to prevent the disclosure and illegal use of user information is also an important challenge. No matter from the perspective of technology or security, it is difficult to have a great impact on monetary policy and payment mode in the short term

Article source: bit110 network

7. According to media reports, before the Spring Festival, the blockchain based digital bill trading platform promoted by the people's Bank of China has been successfully tested. After the Spring Festival, the digital currency Research Institute of the central bank will also be officially listed. This means that the people's Bank of China will become the first central bank to study digital currency and its real application
the central bank's version of digital currency will first be applied to the bill market. The central bank's version of digital currency is different from the traditional digital currency. The central bank's version of digital currency has monetary attributes.

8. It is wrong to say that China's digital currency comes from the people, because it comes from the present. Science.

9.

It's totally acceptable, and it's very supportive of such policy and monetary innovation

As a general equivalent in material exchange, money is a process of continuous innovation. From primitive human shell money, to Qing copper money, to standard copper money, to gold and silver, then to paper money, and now to electronic money, the change of money is always accompanied by the development of human civilization

In the figure above, we can clearly see the direction of currency development. All currencies are for trading, so currency must be towards the characteristics of unification, standard, low loss, convenience and coordination

e to the limited number of early shell coins, it was not easy to get them, so bronze shell coins were proced to supplement shell coins. In ancient society, because of the undeveloped system of smelting, it was impossible to make copper coins of the same size and unified system. With the social progress to a variety of procts, when the economy is developed, e to the size and style of copper shell is not unified, so there must be a unified currency, so there will be a unified style of all kinds of currency, such as knife coin, cloth coin and so on. Later, because there were many kinds of coins, such as Dao coin and bu coin, which were not concive to circulation, they were replaced by a kind of copper coin. The copper coin has the same style, and it is more convenient to carry and circulate than copper shell. With the emergence of copper coins, large denominations of money, precious gold and silver ingots added large denominations. Metal currency is not convenient to carry, so it will proce such bills as "Jiaozi" and "Yinpiao". In the end, paper money will replace bills and become formal currency. Then, e-money appeared. In fact, WeChat wallet, Alipay and bank card consumption are all forms of electronic money. p>

the emergence of e-money has brought a lot of convenience to the security of transactions and property. The main reasons are as follows:

first, the loss of money is reced, and paper money often has some circulation loss, such as loss or damage. Electronic currency, as it is only a string of passwords, will not have such a problem

Second, the transaction is more transparent. Electronic money makes personal information more transparent and transactions more transparent. This can effectively combat corruption, but also can effectively control currency crime

Thirdly, e-money accelerates the circulation of money. It improves the circulation value of money and increases the existence of money

In the near future, of course, there are also some problems with e-money

First, how to issue e-money? What is the legal standard of the occurrence

Second, the monitoring and management of e-money is not complete

at this stage, e-money and paper money must exist at the same time, and it will take some time to fully use e-money. And in this process, the various institutions of e-money will be graally developed and completed