Digital currency, the central bank, can be divided into two types. One is the wholesale central bank currency, which is mainly issued to commercial banks and other institutions, and is mostly used for large-value settlement. The other is the retail central bank currency, which is mainly issued to the public and can be used for daily transactions.

Most studies believe that wholesale central bank digital currency will not affect the existing financial system. The understanding of digital currency as a retail central bank is quite different, and the debate is relatively focused on whether digital currency as a retail central bank will lead to financial disintermediation, weaken monetary policy and aggravate bank squeeze.

The demonstration effect of digital RMB is highlighted

The latest research report shows that the demonstration effect of digital RMB is increasingly prominent, which is expected to accelerate the pace of global currency digitization. Deutsche Bank released a research report on July 7th, which combed and deeply interpreted the motivation, structure, attributes and influence of the People's Bank of China (hereinafter referred to as Bank of China) in launching digital RMB.

Digital RMB is the legal tender established by the Central Bank of China. It adopts the centralized management mode of the central bank and is operated by designated institutions, and is applied to the high-frequency business scenarios of small retail.

In addition, the controllable anonymity of digital RMB can meet the privacy protection needs of higher-level users, while still keeping transaction records, so as to track illegal activities such as money laundering and tax evasion. Because the public can hide personal information from their counterparties when using digital RMB, it will also increase the difficulty of collecting user information on the network platform.

Refer to the above? Light. Com- Central Bank: The number of users of digital RMB whitelist has reached100000.