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Central bank's view on virtual currency

Publish: 2021-04-15 13:53:34
1. What are the current views of central banks on digital currency? Money is money. It's inflated now
2. The central bank is about to issue its own digital currency CBDC
3. The issue of digital currency has many benefits and is imperative. According to the central bank, digital money and paper money will coexist for a long time to come. When people go to the bank to withdraw money, they can not only withdraw cash directly, but also exchange it into digital currency. In Xiaobian's opinion, the establishment and issuance of digital currency system can not only make people's transactions more convenient and safe, but also graally weaken the proportion of paper money in the real circulation, which will also have a positive impact on the electronic disk of postal money card
when people are used to digital currency, paper money will graally withdraw from the circulation market and enter the collection field. In the new environment of payment and circulation, the traditional paper money will become a symbol of an era and a memory of people. The paper money that used to circulate in the market will also become a kind of cultural and artistic investment goods, active on the electronic disk of the post money card. And those earlier and even rarer coins will also stimulate their prices to rise in this situation. It can be seen that the central bank's graal promotion of digital currency will have a profound impact on people's living habits and investment and financial management, which is worth looking forward to Sohu)
however, digital currency does not have to be used for payment. Some domestic application-oriented digital currencies have begun to find another shortcut and come out with a different truth. For example, coin Ying China crowdfunding project token; Puyin group launched the tea based digital currency Puyin.
4. 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
5. The main purposes are as follows:

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4. Protect the property rights and interests of the public, protect the legal tender status of RMB, prevent the risk of money laundering and maintain financial stability
5. Avoid excessive speculation in the name of "virtual currency" for virtual commodities such as bitcoin, which will damage the public interest and the legal tender status of RMB.
6. 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.
7. Q-coin is not a currency, it's just Tencent virtual currency officially launched by Tencent, it's an enterprise virtual currency
the central bank's supervision of virtual currency is mainly reflected in the supervision of bitcoin. The central bank forbids any enterprise or indivial to use bitcoin as a payment tool. As a payment tool, virtual currency has great risks, Therefore, the central bank's supervision of virtual currency is very strict
8. At present, the 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 payment means and the change of the public's habit of using banknotes have had a profound impact on the issuance and circulation of RMB. The public has also put forward new and higher requirements for the level of cash service. The monetary gold and silver work of the central bank 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.
9.

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10. Digital currency is very popular with the central bank. The central bank has been studying digital currency for a long time. The central bank's version of digital currency has been revised twice, and the issue of digital currency by the central bank has become a certainty< At present, the digital currency issued by the central bank is mainly to replace the physical cash, rece the cost of traditional paper currency issuance and circulation, and improve the convenience and transparency of economic transactions. In general, the central bank will fully consider the existing monetary policy regulation, money supply and creation mechanism, and monetary policy transmission channels when designing digital currency
unlike virtual currencies such as bitcoin, central bank digital currency is a legal currency issued by the central bank, encrypted and supported by national credit. The media mentioned that at present, the research and development of the prototype system of legal digital currency is in progress. As for when to launch China's legal digital currency, Yao Qian said that there is no timetable Netease)
it is certain that the advent of the central bank's version of digital currency will have a great impact on cryptocurrencies such as special currency and Leyte currency. In the future, the form of these digital currencies may graally evolve, just like the tokens launched by the European crowdfunding platform, as a kind of asset certificate.
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