Can the central bank's digital currency be converted into RMB

1.

The digital currency of the central bank is DCEP

the name of the digital currency developed by the central bank is DCEP (digital currency electronic payment). DC is digital currency. EP is electronic payment. Payment transmits digital things through a certain way, not paper currency. Therefore, electronic payment itself has the attribute of digital currency

The characteristics of digital currency are: low transaction cost; Fast trading speed; Highly anonymous

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Application of digital currency

I. fast, economic and safe payment and settlement

cross border payment helps RMB internationalization. In 2015, the settlement volume of cross-border payment involving current account is about 8 trillion yuan. To accelerate the internationalization of RMB, cross-border payment and settlement procts and solutions with low cost, high efficiency and low risk are needed

At present, there are still a lot of repetitive human work in the bank's electronic loan process and processing process, and as the basic support of loan issuance, many of the collateral has the situation of false pricing or multiple or even no collateral. We can consider using digital currency to price and track bank collateral:

3. Bill finance and supply chain finance

in recent years, various bill market businesses based on commercial bills have grown rapidly, and bill financing procts have become a hot area of Internet financing. However, about 70% of the current bill businesses in China are still paper transactions, Supply chain finance is also highly dependent on labor costs

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network digital currency

2.

Digital currency can be understood as the digitalization of RMB, which has two obvious advantages: "no account payment" and "no network payment". After Facebook launched Libra this year, the central bank's digital currency has also stepped in. We see both challenges and opportunities

in a word, digital currency is still RMB in fact, but some changes have taken place in its form. We say that digital currency is of great significance. It not only enhances the security and controllability, but also makes counterfeit currency "invisible". In addition, the issuance of the central bank's digital currency is also concive to the central bank's more convenient and transparent management

3. After the digital currency is sold, it is generally universal usdt, or OTC, which can be directly converted into legal currency, that is, RMB, which is not difficult to operate.

4. There is no replacement, but mutual shop and mutual success. It is impossible to say that the mobile phone can not be consumed if it is lost, and the people in the mountains can not use digital things. Without the network, the whole country will be paralyzed

5. Theoretically, it's OK, but it's just a good vision, just staying in theory. Ideal is full, reality is backbone. It is a slow and bumpy process for digital currency to replace legal currency. First of all, the popularization of digital currency must require the improvement of corresponding infrastructure, the great improvement of China's economic development level and the formation of people's behavior habits. The central bank is also interested in digital currency, but this kind of digital currency is more just the digital currency of RMB. There is a natural difference between the design principles of bitcoin, Ruitai coin and Qianjin card.

6. There is no need to exchange it. It is the digital form of RMB. It's legal tender. It's compulsory circulation.

7. Can digital currency be converted into cash? This is for sure. There is a platform for converting currency into cash currency. For example, if bitcoin is converted into RMB, it can be converted in bitcoin China

8.

Hello, according to your question, at present, there is no saying that RMB can buy digital currency, so this should not happen

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Digital RMB can combat money laundering and tax evasion, etc.

as we all know, cash has the characteristics of anonymity and untraceability. Large amount of cash often provides convenience for corruption, tax evasion, terrorist acts, money laundering crimes, endangering the national economic and financial order, and even national security

Digital RMB adopts controllable anonymity mechanism, and the people's Bank of China can grasp the full amount of information. It can use big data, artificial intelligence and other technologies to analyze transaction data and capital flow, prevent and combat money laundering, terrorist financing, tax evasion and other illegal and criminal acts, and effectively maintain financial stability

Digital RMB should also comply with laws and regulations such as large amount cash management, anti money laundering and anti-terrorism financing. For example, according to the notice of the people's Bank of China on carrying out large amount cash management pilot, in order to cooperate with the anti money laundering related work, the digital RMB in the pilot areas should also be registered for large amount deposit and withdrawal, and the relevant institutions should report the large amount and suspicious transactions of digital RMB to the central bank