Model of virtual currency

3.

With the development of digital economy, great changes have taken place in people's consumption patterns. The former means of cash payment are being replaced by various means of payment. Even when people go out, they seldom carry cash. In addition, with the intervention of bitcoin, lightcoin and other virtual currencies, the virtual currency with blockchain as the underlying technology is graally moving towards the vision of ordinary people

In addition, fan Yifei said that changes in the traditional business environment have led to various challenges in the work of money and gold, and new changes in the issuance and circulation of RMB. In this regard, the central bank needs to strengthen prevention and resolve the risks of money circulation

4.

Recently, the people's Bank of China held a national teleconference on money and gold and silver work in 2018. Fan Yifei, vice governor of the people's Bank of China, pointed out at the meeting that this year we should solidly promote the research and development of digital currency of the people's Bank of China, strive to improve the level of cash service, carry out the rectification and clean-up of all kinds of virtual currency, closely communicate and cooperate with relevant departments, and vigorously rectify the chaos in the field of cash circulation

Fan Yifei pointed out that the current work of currency gold and silver is facing new challenges, the traditional business environment has undergone major changes, the development of digital economy, the diversification of means of payment and the change of the public's habit of using banknotes have had a profound impact on the issuance and circulation of RMB, and the public has put forward new and higher requirements for the level of cash service“ The central bank's monetary gold and silver work needs to be continuously deepened in serving the real economy, effectively promoted in improving services for people's livelihood, and comprehensively strengthened in preventing and defusing risks. "

"commercial banks should give full play to the pivotal role of cash delivery and withdrawal, further do a good job in the issuance of ordinary commemorative coins, and effectively improve the public satisfaction; Further strengthen the cash analysis, improve the level of cash management, strengthen the management of large amount of cash, and effectively protect the people's demand for small denomination RMB; We will further strengthen the anti-counterfeiting work, strengthen internal control and management, and constantly improve the ability of employees and cash machines to intercept counterfeit money. " Fan Yifei said

5.

On March 28, the central bank held a national teleconference on monetary gold and silver work in 2018. Fan Yifei, vice governor of the people's Bank of China, pointed out that we should further strengthen reform and innovation and solidly promote the research and development of digital currency of the people's Bank of China. We should strictly strengthen internal management and external supervision, attach great importance to and effectively strengthen the quality control of RMB, carry out large amount cash management, build a cash clearing enterprise supervision system in accordance with the law, carry out the rectification and clean-up of all kinds of virtual currencies, and strive to build a "five in one" anti-counterfeit currency working mechanism

from the perspective of global digital currency regulatory practice, China has adopted a more stringent regulatory approach, but it does not mean that China can stay out of the global financial innovation wave. In the future, China should actively participate in the global governance of digital currency and enhance its influence and voice in the development of digital currency and regulatory rules

6.

first of all, it has the same meaning as paper money. Digital currency is getting closer to us, so how is it different from traditional cash Mu Changchun, director of the digital currency Research Institute of the Central Bank of China, said that the function and nature of digital currency are exactly the same as paper money, but its form is digital currency. Yi Gang, governor of the central bank, said that the goal of digital currency is to replace part of cash. Fan Yifei also wrote in the book that the cost of issuing, printing, returning and storing the existing banknotes is high, the circulation system is high, it is inconvenient to carry, easy to forge, anonymous and uncontrollable, and it is used for money laundering. The demand for digitization is growing. Although digital currency has the nature of legal tender, many people think that its use is very similar to the current mobile payment

at present, the world's major central banks have been studying and exploring the new development of digital currency; The battlefield;. Huachuang Securities said that in 2019, more than 80% of the world's central banks participated in the research of digital currency, more than 40% of them have entered the pilot stage of digital currency, and nearly 10% of them have reached the landing stage. From the perspective of practitioners, the advanced layout in the field of digital currency will proce & lt; Listen to the thunder in a quiet place; It's a good effect. Although the digital currency Research Institute of the people's Bank of China emphasizes that the current online transmission of DC / EP information is a test content in the process of technology development, it does not mean that the digital RMB has been officially issued. The current closed-end examination will not affect the commercial operation of listed companies, nor will it affect the RMB issuance and circulation system, financial market and social economy outside the testing environment

7. Ministries and commissions of the State Council, including the central bank, all implement the ministerial (governor) responsibility system, that is, the governor of the central bank is in charge of the overall work< The Secretary of the Party committee is in charge of Party building and personnel work
it needs to be clear that the State Council, also known as the Central People's government, is the highest administrative organ of the country, and the premier of the State Council is the head of government. In this kind of administrative organ, the head must be XX long, not XX secretary, or one shoulder to shoulder.

8. The people's Bank of China implements the president responsibility system. The president is the first leader, and the Secretary of the Party committee is only responsible for Party building and personnel.