Central bank governor says company digital currency

1. No matter from personal point of view or from Yi Gang's point of view, regarding digital monetary policy, from the standpoint of the central bank, it has revealed:
first, to maintain the continuity of monetary policy, not to release water, not to shrink abruptly
Second, it will not change the fact that bitcoin is not legally recognized
thirdly, strengthen supervision, pay attention to safety and maintain stable and neutral development
Fourth, to serve the development of the real economy
considering the consistent policy of the Chinese government on digital currency, maintaining stability and continuity should be the current orientation and trend< In addition, although Yi Gang pointed out at the Boao Forum for Asia that he would take a strict attitude towards digital currency, it does not mean that he will stop studying digital currency. At present, the central bank is studying how digital currency can serve the real economy in a better form, develop safely in the best form and avoid possible negative effects, Let digital currency serve the economy better
in spite of stricter supervision, it is still believed that the central bank will adopt a combination of easing and blocking measures for the development of digital currency in the future.

2. At the Boao Forum for Asia held in April this year, Zhou Xiaochuan, governor of the central bank, said that since digital currency is not the currency initiated and approved by the central bank, it is impossible to ban it. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment

3. Zhou Xiaochuan, the governor of the central bank, said at the Boao Forum for Asia that virtual currency is not a currency approved by the central bank and can not be banned. Since digital currency is not the currency initiated and approved by the central bank, it can not be banned. Digital currency belongs to digital assets, which can be freely traded between indivials. Therefore, digital currency is not MLM, not capital disk, but a kind of financial investment.

4. In fact, the central bank has been studying digital currency for a long time. From the perspective of historical development trend, money has always evolved with the development of technological progress and economic activities. From the early physical money, commodity money to the later credit money, it is a natural choice to adapt to the development of human commercial society. As the currency of the previous generation, paper money has low technology content. From the perspective of safety and cost, it is the general trend to be replaced by new technology and new procts. In particular, with the development of the Internet and the great changes in payment methods all over the world, the establishment of digital currency issuance and circulation system is very necessary for the construction of financial infrastructure and the promotion of economic quality, efficiency and upgrading.

5. China will implement the central bank to set up money and the market to set up money coexistence Payment institutions. Who said that? Zhou Xiaochuan, governor of the people's Bank of China, said this

6.

It is not currently available

at present, the Central Bank of China has not issued and approved the digital currency of issuers and investors

However, at the beginning of the year, the central bank held a seminar on digital currency, at which it made it clear that it was necessary to issue digital currency as soon as possible, and the central bank put the issue of digital currency on the agenda

however, so far, the central bank has not issued any digital currency, and Zhou Xiaochuan, the governor of the central bank, said that the time is not ripe to issue digital currency. Moreover, the digital currency issued by the central bank is different from bitcoin, Ruitai, Laite and other digital cryptocurrencies, and the digital currency issued by the central bank is not decentralized

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when the central bank issues digital currency, it needs to establish a basic digital currency system. In this system, the central bank is in charge of the digital currency issuing bank, the commercial bank is in charge of the bank, and the public and indivials hold digital wallets. This is not much different from the existing monetary system in essence, but the managed currency is changed from paper money to digital cryptocurrency

in terms of issuing mechanism, there are two modes:

one is the traditional mode of "central bank commercial bank", that is, the central bank issues digital currency from the issuing bank of the central bank to the Bank of the commercial bank. When an indivial withdraws money from the commercial bank, the digital currency is transferred from the commercial bank to the personal digital wallet

another mode is the "central bank public" mode, that is, the central bank can directly issue digital currency from the currency issuing bank to the digital wallet of the public and indivials. In essence, no matter which issuing mode, money is ultimately held by the public, which is the debt of the central bank to the public

7. PPP is not a digital currency issued by the central bank. At present, China's central bank has not issued and approved the digital currency of issuers and investors. However, at the beginning of the year, the central bank held a seminar on digital currency, at which it made it clear that it was necessary to issue digital currency as soon as possible. The central bank put the issue of digital currency on the agenda. However, so far, the central bank has not issued any digital currency, and Zhou Xiaochuan, the governor of the central bank, said that the actual issue of digital currency is not mature. Moreover, the digital currency issued by the central bank is different from bitcoin, Ruitai, Laite and other digital cryptocurrencies. The digital currency issued by the central bank is not decentralized.

8. It seems that there is no other way to play, like bitcoin and so on, all use mining machine

9. The name of research and development used by the central bank is DCEP, which is actually electronic payment. What is paid is digital, not paper money. Digital money also has monetary properties. The study of digital currency is not to realize the application of a certain technical solution, but to pursue the convenience and low cost of retail payment system, as well as security and privacy protection
at present, there are many comments on digital currency, criticizing that digital currency is not applied in retail payment, but in virtual asset trading, which is not in line with the direction of our financial assets serving the real economy. Therefore, we need not be too anxious in this regard, steady and orderly research and development, focusing on serving the real economy, recing costs and preventing excessive speculation
at present, bitcoin, Ethereum and wikilink, which are popular in the market, are actually not liked by the central bank and are highly speculative.

10. Economic phenomenon: inflation
when the amount of money issued in the market is greater than the amount of money demanded in the market, inflation occurs. At this time, there appears to be excessive money in the market. The solution is that the central bank takes back the excess money, and the means is to increase the deposit and loan rate
1. By increasing the deposit interest rate, more interest will stimulate the money holders to rece the amount of money in hand and choose to deposit, so as to achieve the purpose of recing the amount of money
2. Raising the loan interest rate and higher interest will also stimulate enterprises to rece loans to avoid interest, and also achieve the purpose of recing the amount of money.