Banks do not support digital currency
Fourth, in terms of financial services, it mainly refers to various intermediary businesses such as collection and payment, consulting and so on. For example, the collection of water, electricity and coal is small and the number of users is huge. These companies will still entrust the bank to collect, and they still need to open an account in the bank, so the impact of digital currency issuance on financial services is small. Fifthly, the function of credit creation mainly refers to that the loan is re deposited in the bank, waiting for investment or use, resulting in derivative deposits and currency multiplier effect, which has nothing to do with the issue of digital currency
the issuance of digital currency will not rece the number of bank outlets, because the basic function of the bank is far from the payment intermediary function, as well as macroeconomic regulation, the development of deposit and loan business, as well as financial services, intermediary business, and so on. What's more, many people still insist on using cash to pay and transfer. Therefore, the issue of digital currency can not eliminate the outlets of banks. The real impact on bank outlets is the rise of Internet finance. Banking business moves from offline to online. People generally accept using mobile banking app to deal with business, and then the physical outlets of banks will be canceled
a few days ago, Indian Prime Minister modi announced the issuance of a new currency aimed at combating tax evasion and money laundering. In fact, if the central bank issues digital currency with perfect technology and mature mechanism, it will have better effect. Because the digital currency, in addition to anti-counterfeiting, with the help of blockchain technology, makes the capital data traceable and highly transparent. These features can also be used for macro data statistics and monitoring, which has positive significance for big data risk control
as for what bank digital currency is, the central bank requested at the meeting on January 20 this year that the research team of the people's Bank of China should actively absorb the important achievements and practical experience of digital currency research at home and abroad, continue to promote on the basis of preliminary work, establish a more effective organizational guarantee mechanism, and further clarify the strategic objectives of the central bank in issuing digital currency, Do a good job in tackling key technologies, study the multi scenario application of digital currency, and strive to launch the digital currency issued by the central bank as soon as possible.
on September 4, the central bank and other seven ministries and commissions issued the notice on preventing the financing risk of token issuance, and the ICO trading platform was completely suspended. After September 14, the relevant token platforms successively removed procts or stopped trading. After the news came out, digital currency was boiling
some people can't help asking: with the collapse of ICO and the closure of bitcoin platform, is digital currency over? Here the central bank gives the answer. The central bank reports that around the Spring Festival this year, the block chain based digital bill trading platform promoted by the central bank has been tested successfully, and the digital currency Research Institute of the central bank will also be officially listed. China's sovereign digital currency will accelerate its arrival. Then some people will question whether China will proce its own bitcoin? Here, let's talk about what is digital currency:
digital currency
digital currency is different from virtual currency, not bitcoin or q-coin! That is to say, it is different from virtual currencies such as bitcoin and Ethernet
virtual currency can only be closed in circulation on the network, just like Tencent's q-coin and Dashen's coin on the platform of Dashen software collaborative instry ecological chain. They can only be used for one use of their own procts. 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 digital currency. As for legal digital currency, there is no unified international definition. Yao Qian, deputy director of the science and Technology Department of the people's Bank of China and head of the preparatory group of the digital currency Research Institute, believes that the digital currency researched and issued by the people's Bank of China is indexed RMB. From the perspective of national schemes, it belongs to legal encrypted digital currency, which is not only a payment tool but also a currency. Correspondingly, virtual currency is also called illegal fixed digital currency. Li Lihui, head of the blockchain working group of China Internet Finance Association, once said that digital currency must have legal status, national sovereignty endorsement, and clear responsibility subject of issuance. Virtual currencies represented by bitcoin and ethereal currency have no country, no sovereign endorsement, no qualified issuers, and no national credit support. These are not digital currencies.
legal representative: Su Huixing
time of establishment: November 8, 2001
registered capital: RMB 2 million
Business Registration No.: 310112000334700
enterprise type: limited liability company (invested or controlled by natural person)
address: No. 237, Youdong Road, Minhang District, Shanghai
In terms of financial services, it mainly refers to all kinds of intermediary business such as collection and payment, consulting and so on. For example, water and electricity charges are collected on behalf of a large number of users with a small amount. These companies will still entrust banks to collect them, and they still need to open an account in the bank, so the impact of digital currency issuance on financial services is small. However, it is undeniable that the issuance of digital currency will definitely bring impact on the traditional business of banks, especially the cash business and payment and settlement business, which will force the banks to make the transformation of business model. However, this crisis has been highlighted as early as the launch of Alipay WeChat. Alipay's balance and the change in WeChat's red packets are actually the rapid development of electronic money, non cash payment, and the cash and settlement business of banks has declined. However, it still has no direct impact on bank outlets. Similarly, mobile banking and online banking are already very convenient. Why do people go to banks? Because some people can't operate, and some businesses can't be handled on mobile banking and online banking. Therefore, it can be said that only when big data, artificial intelligence and cloud computing are widely used in financial technology, the continuous improvement of citizens' quality, and the full migration of offline business to online business, will the physical outlets of banks be cancelled< br />