What is the biggest impact of new virtual currency on traditiona
Publish: 2021-05-04 14:53:33
1. The future world will be a digital world, and money will develop from paper money in the past to digital money in the future, which is a trend. Because in order to adapt to the digital world, the future currency must also be digital. It can be predicted that digital currency will be safer, faster and more convenient in the future. Now many blockchain technology procts, although its name is what currency, but in fact it is not currency. Under the guise of digital currency investment, it is a Ponzi scheme. Even some of them don't even have blockchain technology, which is just a fake number to cheat people.
2. There must be risks. Theoretically speaking, if the existence of network currency affects the demand for the central bank's liabilities, and then interferes with the central bank's open market operation, it will have an impact on a country's monetary policy and price stability. However, from a practical point of view, the premise of network currency affecting price stability includes the following three aspects:
(1) from the analysis of the impact on the amount of money, although it is difficult to analyze the extent to which the network currency scheme creates money in the case of lack of information
however, most of the network currency systems operate in the prepaid mode, that is, issuing network currency when the real currency is exchanged in and withdrawing the currency when the real currency is exchanged out, which has limited impact. In the famous network currency scheme, the money supply is stable and the supply is small, but we still need to be vigilant whether it can ensure that the money supply will maintain a stable level in the long run, and the impact of the change of exchange rate between network currency and real currency.
(1) from the analysis of the impact on the amount of money, although it is difficult to analyze the extent to which the network currency scheme creates money in the case of lack of information
however, most of the network currency systems operate in the prepaid mode, that is, issuing network currency when the real currency is exchanged in and withdrawing the currency when the real currency is exchanged out, which has limited impact. In the famous network currency scheme, the money supply is stable and the supply is small, but we still need to be vigilant whether it can ensure that the money supply will maintain a stable level in the long run, and the impact of the change of exchange rate between network currency and real currency.
3. If virtual currency and traditional currency can be exchanged freely, it will inevitably impact the traditional economy. Including but not limited to money laundering, monetary policy implementation and regulation.
4. The core value of CBDC can be summarized as four points: first, the original purpose is to let the central bank better manage money creation and supply, enhance the effectiveness of monetary policy transmission mechanism and better deal with the business cycle. Second, the construction of payment and clearing infrastructure based on blockchain related technologies can rece costs and increase efficiency. Digital currency can greatly rece the cost of currency issuance, circulation, use and other links, and realize banknote free transactions, which is also in line with the current trend of rapid development of electronic payment. Third, it has given the central bank stronger control over the monetary system, such as KFC, anti money laundering, anti-terrorism financing, and some targeted policies. Before the launch of Libra, the central bank attached importance to CBDC mainly for the above three purposes. But now, the significance of CBDC in promoting the internationalization of RMB has become more important than ever. This is the fourth purpose of the central bank. Judging from the current progress of RMB internationalization, there are indeed many difficulties. One is the US led encirclement and interception, and the other is the turbulence in the stock and exchange markets. In order to break the encirclement led by the United States, realize the normal development of the stock exchange market and the foreign exchange market, and realize the internationalization of RMB, it is really a good way for the central bank to issue digital currency. On the 10th anniversary of RMB internationalization, RMB internationalization has made remarkable achievements. 13 international financial institutions around the world began to pay attention to China's bond market. In the tide of interest rate rection in developed countries, negative interest rate has become a conventional means, and China's bonds are very competitive in the world. As of the second quarter of 2019, 38 countries have signed currency swap agreements with China, with a total amount of 3.67 trillion yuan. The one belt, one road, which one belt, one road to push forward, is continuously creating demand for RMB internationalization, and the export of RMB has become an important means of "one belt and one road" internationalization of RMB. In addition, RMB is one of the most active currencies in the global foreign exchange market, and London has surpassed Hong Kong as the world's largest offshore RMB foreign exchange trading center. With the steady development of China's economy, RMB assets will continue to be favored by all countries in the world< One belt, one road or other friendly country, was also shared by the Central Bank of China when it issued the CBDC. It shared some of the mint rights with br />
CBDC. How to participate? Including the following two cases, let's take Kazakhstan as an example. The first is that Kazakhstan can issue RMB denominated Kazakh government bonds. The issuer is Kazakhstan, but the RMB denominated bonds are sovereign bonds for Kazakhstan, which can also be sold to the Central Bank of China in exchange for CBDC. The second is that Kazakhstan issues treasury bonds denominated in its own currency, which are issued by Kazakhstan and priced in its own currency. This method is the easiest for Kazakhstan, because this is their own national debt, which is sold to the Central Bank of China, which gives it CBDC. The similarities between the two lie in that they both sell treasury bonds to the Central Bank of China, but the issuers of treasury bonds are not the same, and the pricing currencies of treasury bonds are not the same, so the requirements for Kazakhstan are not the same. In theory, these ways can be used as a political tool to influence and regulate the relationship between the Chinese government and Kazakhstan<
4 digital currency will become the biggest magic weapon of RMB internationalization
China is now facing the biggest challenge, in terms of currency, in fact, the internationalization of RMB. The monetary settlement system based on US dollar has brought great problems to the decision-makers outside the US dollar. The best way to rece the status of US dollar is to replace us dollar with a global digital currency to end the dominant advantage of US dollar. The Chinese version of CBDC is likely to become the biggest magic weapon to promote the internationalization of RMB and end the hegemony of US dollar. The opportunity for RMB internationalization lies in the trend of de dollarization. Therefore, we need friendly countries other than US dollars to participate in China's digital currency. Taking the lead in the use of digital currency in block trading and financial settlement to bypass the restrictions on trading in US dollar will certainly realize the development of de dollarization and form a new currency trading system dominated by China and participated by many parties. So how to achieve it? In essence, it is to transfer benefits, so that non dollarized friendly countries can participate in the issuance process of CBDC, and even share the seigniorage of RMB. It is the most effective magic weapon to embody the spirit of democratization and benefit sharing of blockchain and bitcoin in the design of sovereign currency, which is also the most practical way to realize the internationalization of RMB.
CBDC. How to participate? Including the following two cases, let's take Kazakhstan as an example. The first is that Kazakhstan can issue RMB denominated Kazakh government bonds. The issuer is Kazakhstan, but the RMB denominated bonds are sovereign bonds for Kazakhstan, which can also be sold to the Central Bank of China in exchange for CBDC. The second is that Kazakhstan issues treasury bonds denominated in its own currency, which are issued by Kazakhstan and priced in its own currency. This method is the easiest for Kazakhstan, because this is their own national debt, which is sold to the Central Bank of China, which gives it CBDC. The similarities between the two lie in that they both sell treasury bonds to the Central Bank of China, but the issuers of treasury bonds are not the same, and the pricing currencies of treasury bonds are not the same, so the requirements for Kazakhstan are not the same. In theory, these ways can be used as a political tool to influence and regulate the relationship between the Chinese government and Kazakhstan<
4 digital currency will become the biggest magic weapon of RMB internationalization
China is now facing the biggest challenge, in terms of currency, in fact, the internationalization of RMB. The monetary settlement system based on US dollar has brought great problems to the decision-makers outside the US dollar. The best way to rece the status of US dollar is to replace us dollar with a global digital currency to end the dominant advantage of US dollar. The Chinese version of CBDC is likely to become the biggest magic weapon to promote the internationalization of RMB and end the hegemony of US dollar. The opportunity for RMB internationalization lies in the trend of de dollarization. Therefore, we need friendly countries other than US dollars to participate in China's digital currency. Taking the lead in the use of digital currency in block trading and financial settlement to bypass the restrictions on trading in US dollar will certainly realize the development of de dollarization and form a new currency trading system dominated by China and participated by many parties. So how to achieve it? In essence, it is to transfer benefits, so that non dollarized friendly countries can participate in the issuance process of CBDC, and even share the seigniorage of RMB. It is the most effective magic weapon to embody the spirit of democratization and benefit sharing of blockchain and bitcoin in the design of sovereign currency, which is also the most practical way to realize the internationalization of RMB.
5. I don't know who can recommend books about legal issues of virtual currency. Related papers Because it is on the mobile phone, there is no way to search the original text for you. I remember so much, hope to help you
6. If there is no way to transfer virtual currency into legal currency, no matter how it is issued, there is no real harm
however, once it is legally linked with fiat money, it means that fiat money has the obligation to convert virtual money into fiat money. This is very dangerous
because there is no limit to the issuance of virtual currency, once there is a legal link, it is equivalent to the unlimited issuance of legal currency
although QQ coin seems to have the function of currency and can buy a lot of things on QQ, in the final analysis, it is all virtual things, and its essence is commodity.
however, once it is legally linked with fiat money, it means that fiat money has the obligation to convert virtual money into fiat money. This is very dangerous
because there is no limit to the issuance of virtual currency, once there is a legal link, it is equivalent to the unlimited issuance of legal currency
although QQ coin seems to have the function of currency and can buy a lot of things on QQ, in the final analysis, it is all virtual things, and its essence is commodity.
7. [CP] the harm of virtual currency
being kind-hearted, capable and knowledgeable, and being able to distinguish between good and evil is called virtue, and virtue is precious. Only when everyone has virtue can we see the greatness of a nation and the ancient culture of a healthy and powerful country
as we all know, with the development of the Internet today, fancy ways of playing emerge in endlessly, some of which bring benefits to human beings, and some of which bring harm to human beings. In the market, we all know that there is a kind of worry like currency on the Internet, which is like playing games. You can make money by playing games. You make money by playing virtual money. You get something for nothing. You worry about the impact of money on the financial market. Why do you say that? First of all, young people buy computers to go mining and get something for nothing. In the Internet, it's a worry. There's no physical support. The currency issued by the state includes the central bank and the state, which is the entity. After the state was founded, there are tens of millions of proction-oriented small and medium-sized enterprises and agriculture supporting them. And what instry does network currency rely on to support? No. It can only lead some people to misunderstandings and raise prices. Second, China's currency is proced in a planned way driven by the market economy, so the virtual currency of foreign Internet is not included in China's economic and monetary plan, but it circulates in the market, which will certainly impact the market, and the price will rise and the currency will depreciate. Third, the invention of bitcoin is Japanese. According to online records, this person has worked as a variety of spies, and a reporter went to interview him. He did not admit that bitcoin was invented by him. If a great invention is beneficial to the people and the country, why did he not have the courage to stand up. He is guilty of Nakamoto's heart. What's the guilty behind the quilt
this kind of real virtual species gains without any effort. This kind of currency is like a game. You can get wealth by playing. It will bring wrong ideas to some people and cause market chaos, which is invisible. Personal advantage, the national economy suffered losses, most people suffered losses, this will affect the quality of people's livelihood, of course, this is an invisible harm, graally proced. The common people can only feel that prices are getting higher and higher. This is the harm that foreign currency brings to the market and a country. This is a war without gunpowder smoke to a country. It is hoped that those addicted to virtual money will stay away from virtual money for others, for themselves and for the country
black face
being kind-hearted, capable and knowledgeable, and being able to distinguish between good and evil is called virtue, and virtue is precious. Only when everyone has virtue can we see the greatness of a nation and the ancient culture of a healthy and powerful country
as we all know, with the development of the Internet today, fancy ways of playing emerge in endlessly, some of which bring benefits to human beings, and some of which bring harm to human beings. In the market, we all know that there is a kind of worry like currency on the Internet, which is like playing games. You can make money by playing games. You make money by playing virtual money. You get something for nothing. You worry about the impact of money on the financial market. Why do you say that? First of all, young people buy computers to go mining and get something for nothing. In the Internet, it's a worry. There's no physical support. The currency issued by the state includes the central bank and the state, which is the entity. After the state was founded, there are tens of millions of proction-oriented small and medium-sized enterprises and agriculture supporting them. And what instry does network currency rely on to support? No. It can only lead some people to misunderstandings and raise prices. Second, China's currency is proced in a planned way driven by the market economy, so the virtual currency of foreign Internet is not included in China's economic and monetary plan, but it circulates in the market, which will certainly impact the market, and the price will rise and the currency will depreciate. Third, the invention of bitcoin is Japanese. According to online records, this person has worked as a variety of spies, and a reporter went to interview him. He did not admit that bitcoin was invented by him. If a great invention is beneficial to the people and the country, why did he not have the courage to stand up. He is guilty of Nakamoto's heart. What's the guilty behind the quilt
this kind of real virtual species gains without any effort. This kind of currency is like a game. You can get wealth by playing. It will bring wrong ideas to some people and cause market chaos, which is invisible. Personal advantage, the national economy suffered losses, most people suffered losses, this will affect the quality of people's livelihood, of course, this is an invisible harm, graally proced. The common people can only feel that prices are getting higher and higher. This is the harm that foreign currency brings to the market and a country. This is a war without gunpowder smoke to a country. It is hoped that those addicted to virtual money will stay away from virtual money for others, for themselves and for the country
black face
8. Special currency has four main characteristics: no centralized issuers, limited amount, no geographical restrictions and anonymity. Although some people call bitcoin "currency", it is not a real currency because it is not issued by the monetary authority and has no monetary attributes such as legal compensation and compulsion. In terms of nature, bitcoin is a specific virtual commodity, which does not have the same legal status as currency and cannot and should not be used as currency in the market.
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