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Digital Currency Development Ms. Jiang Digital currency and its technology in particular are critical to the advancement of efficiency and inclusivity in the financial industry. But it can also be a tool for money laundering to fund terrorist groups and tax evasion. Establishing a balanced regulatory system that protects against risks without stifling innovation is a challenge. This requires a lot of international cooperation.
< (The People's Bank of China has also recently made clear its attitude towards digital currency. Yesterday, the People's Bank of China Digital Currency Seminar was held in Beijing.
< (The central bank revealed at the meeting that it has actually been established since A dedicated research team has conducted in-depth research on the issuance and business operation framework of digital currency, the key technologies of digital currency, the legal issues faced by the issuance and circulation environment, and has achieved phased results.
< (It is worth mentioning that this is the continuation of In March 2017, the central bank and five other ministries and commissions issued a notice on preventing the risks of Bitcoin, expressing a clear attitude towards digital currency for the first time.
< (The central bank stated that the issuance of digital currency can reduce the high cost of issuance and circulation of traditional banknotes and improve economic transactions. The convenience and transparency of activities reduce illegal and criminal activities such as money laundering and tax evasion, and enhance the central bank’s control over money supply and currency circulation.
< (There will be no banknotes in the future. Huang Zhen, director of the Institute of Financial Law at the Central University of Finance and Economics, according to reporters Said. He said that the central bank’s statement yesterday sent a signal that digitization is a trend. In the future, money will be digitized.
< (Bai Chengyu, Secretary-General of China Microfinance Alliance, said that now we are in the era of digital currency discovery. Currency is the gold of the Internet era. In fact, many companies such as UnionPay, Alibaba, etc. have also announced research on blockchain technology. In the future, all digitization may be realized. For example, scan-code payment developed in combination with third-party payment does not require the use of cash for transactions. Huang Zhen Said.
< (At the same time, with the digitization of currency, how will the currency issuance model be reformed in the future? Bai Chengyu said that in the Internet era, there should be an Internet central bank. Its important function is to issue and manage virtual currencies based on Internet technology. I believe it. In the future, the central bank will increase research and intensity in this field.
< (Digital currency development Ms. Jiang Shenzhen Yuan Zhongrui Technology focuses on digital currency currency wallet multi-currency trading platform digital currency trading system micro-transaction system development WeChat Micro-disk development of bulk commodity spot trading system, cultural exchange postal and currency card trading system, postal and currency card electronic trading platform, cultural exchange trading platform development of public security intelligence system, development and production of financial systems such as smart cities. (Q)
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