It is understood that the research and development of legal digital currency in China began on 20 14. In order to promote digital currency in R&D, the central bank also established the digital currency Institute. Digital currency's project, the Central Bank, is called DCEP, which is short for electronic payment in digital currency, namely digital currency and electronic payment tools. In recent years, digital currency's research and development; D It has been accelerated in China. At present, besides Agricultural Bank, DCEP in digital currency has been tested in several other major commercial banks.
Mu Changchun, director of the digital currency Research Institute of the Central Bank, said that the digital currency introduced by the Central Bank has exactly the same functional attributes as paper money, except that digital currency is a digital legal tender.
Many friends who have invested in digital currency such as Bitcoin have heard that the central bank will issue digital currency, and they all want to know how the central bank digital currency bought it. But I'm afraid they will be disappointed. Digital currency issued by the central bank is legal tender, which is equivalent to a substitute for paper money. Compared with paper money, digital currency only changed the medium of transaction, and their functions and attributes are still the same. Just imagine, who would buy a digital currency with 100 yuan notes?
Specifically, the statutory digital currency issued by the central bank is interest-free and can be used in small-sum, high-frequency business scenarios. Because the central bank legally requires digital currency to adopt blockchain technology, which is decentralized, it is safer to use digital currency to conduct transactions and the transaction information is transparent. The central bank can track the flow of funds and effectively crack down on money laundering and other crimes. People should abide by all existing cash management regulations when using the central bank's digital currency.
Generally speaking, the legal digital currency issued by the central bank is not an investment-oriented digital currency similar to Bitcoin, and there is no question of buying the central bank digital currency for investment.
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