Why issue virtual currency
Publish: 2021-05-11 22:58:17
1. Issuing digital currency can rece the high cost of issuing and circulating traditional banknotes, improve the convenience and transparency of economic transactions, rece money laundering, tax evasion and other illegal and criminal acts, enhance the central bank's control over money supply and currency circulation, better support economic and social development, and help the comprehensive realization of inclusive finance. In the future, the establishment of digital currency issuance and circulation system will also help China build a new financial infrastructure, further improve China's payment system, enhance the efficiency of payment and clearing, and promote the upgrading of economic quality and efficiency.
2. virtual currency can be divided into game currency and network token
game currency is mainly circulated by game companies and professional gamers through online tasks and ground sales
network token: it is a kind of virtual currency equivalent to normal currency that can circulate on the network. Such as the common Q coin. This is mainly to facilitate users in a variety of consumer activities on the network. In the early stage, free quantitative distribution is used to guide consumers to a virtual consumption habit. In the later stage, special sales channels are set up.
game currency is mainly circulated by game companies and professional gamers through online tasks and ground sales
network token: it is a kind of virtual currency equivalent to normal currency that can circulate on the network. Such as the common Q coin. This is mainly to facilitate users in a variety of consumer activities on the network. In the early stage, free quantitative distribution is used to guide consumers to a virtual consumption habit. In the later stage, special sales channels are set up.
3. Money is essentially a contract between the owner and the market about the right of exchange, which is essentially an agreement between the owners. I give what I have to the market in exchange for what I need. Money is the agreement in this process, which reflects the economic cooperation between indivials and society. The essence of money contract determines that money can have different forms, such as general equivalent, precious metal money, paper money, electronic money and so on. It can be used as a medium of transaction, storage value and accounting unit. Physical currency is a special commodity that serves as an equivalent in the exchange of goods and services. It is the material and symbolic appendage of people's commodity values. It includes not only currency in circulation, especially legal currency, but also all kinds of savings deposits. In the field of modern economy, only a small part of the field of currency is shown in the form of real currency, that is, the paper money or coins used in practice, and most transactions use cheques or electronic money. Currency area refers to the circulation and use of a single currency countries or regions. Different currency areas need to introce the concept of exchange rate when they exchange currency with each other. In modern economy, money plays a fundamental role. In macroeconomics, money is not only cash, but also cash plus a part of assets
monetary function:
as money is a commodity, it has the same use value and exchange value as all commodities. When in different forms of value movement, money plays different roles: value scale, means of circulation, means of payment, means of storage and world money. Among them, value scale and circulation means are the basic functions of money. The other three functions are derived from them.
monetary function:
as money is a commodity, it has the same use value and exchange value as all commodities. When in different forms of value movement, money plays different roles: value scale, means of circulation, means of payment, means of storage and world money. Among them, value scale and circulation means are the basic functions of money. The other three functions are derived from them.
4. Why do countries keep issuing new currencies? For the sake of economic development, the current total amount of currency is much less than the equivalent amount of total social procts. The specific performance is currency appreciation. The issue of new currency can better meet the requirements of economic development, more anti-counterfeiting
first, what is the value created
to discuss economic issues, we must not leave the real economy. Proction and management activities are the most basic activities of human beings and the basis of human survival. The ultimate goal of proction and business activities is to provide people with a variety of consumer goods and services. Proction is to create value, and people's life is to constantly consume value< What is the issue of currency
the total value created by national labor in a year is divided by workers' wages, investors' profits and government taxes. Under the condition of transfer settlement, the wages of employees are directly transferred from the enterprise to the employees' personal accounts, and the dividends of investors are also transferred to the investors' personal accounts. For example, the dividends of buying stocks are directly transferred from the enterprise to the shareholders' accounts, and the taxes are directly transferred from the enterprise to the tax department's accounts. They are in the bank before consumption or other investment, which is what I understand as "currency issuance". If the deposit in the bank is to be withdrawn from the bank, the deposit will be reced and turned into cash, which is now known as the broad money M2 = Cash + savings deposit. The money is spent on consumption or investment. In fact, bank lending is also an indirect investment< Third, the stable conditions of monetary value
the total value created by a country will be spent by workers' wages, investors' profits and the state's tax revenue, which will become total consumption and total investment. The stable condition of currency value is that the value created is equal to the value consumed. Breaking this balance is the reason for the fluctuation of currency value. The loopholes in issuing currency may lead to inflated currency, so that the value consumed is more than the value created, thus causing currency devaluation and inflation< In the era of credit money, money is different from any physical link, which is called anchor free money. Of course, currency is not suitable for any kind of physical link. Therefore, in the era of credit money, the "value" of money is a concept in people's mind. When the currency devalues, people will naturally adjust this concept. The crisis of the government is only the dissatisfaction of the people, and there is no physical cost to pay. Often, the state can increase taxes in disguised form by issuing more money, commonly known as "printing money". If the bank supervision is not effective, there will also be loopholes. This is one of the reasons why inflation is always accompanied in the era of credit money. In the era of credit currency, if the currency is not devalued, it depends on the "integrity" of the state and the supervision of financial institutions.
first, what is the value created
to discuss economic issues, we must not leave the real economy. Proction and management activities are the most basic activities of human beings and the basis of human survival. The ultimate goal of proction and business activities is to provide people with a variety of consumer goods and services. Proction is to create value, and people's life is to constantly consume value< What is the issue of currency
the total value created by national labor in a year is divided by workers' wages, investors' profits and government taxes. Under the condition of transfer settlement, the wages of employees are directly transferred from the enterprise to the employees' personal accounts, and the dividends of investors are also transferred to the investors' personal accounts. For example, the dividends of buying stocks are directly transferred from the enterprise to the shareholders' accounts, and the taxes are directly transferred from the enterprise to the tax department's accounts. They are in the bank before consumption or other investment, which is what I understand as "currency issuance". If the deposit in the bank is to be withdrawn from the bank, the deposit will be reced and turned into cash, which is now known as the broad money M2 = Cash + savings deposit. The money is spent on consumption or investment. In fact, bank lending is also an indirect investment< Third, the stable conditions of monetary value
the total value created by a country will be spent by workers' wages, investors' profits and the state's tax revenue, which will become total consumption and total investment. The stable condition of currency value is that the value created is equal to the value consumed. Breaking this balance is the reason for the fluctuation of currency value. The loopholes in issuing currency may lead to inflated currency, so that the value consumed is more than the value created, thus causing currency devaluation and inflation< In the era of credit money, money is different from any physical link, which is called anchor free money. Of course, currency is not suitable for any kind of physical link. Therefore, in the era of credit money, the "value" of money is a concept in people's mind. When the currency devalues, people will naturally adjust this concept. The crisis of the government is only the dissatisfaction of the people, and there is no physical cost to pay. Often, the state can increase taxes in disguised form by issuing more money, commonly known as "printing money". If the bank supervision is not effective, there will also be loopholes. This is one of the reasons why inflation is always accompanied in the era of credit money. In the era of credit currency, if the currency is not devalued, it depends on the "integrity" of the state and the supervision of financial institutions.
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