Every hot review | Digital RMB will gradually release financial dividends

The scope of digital RMB pilot is expanding, and the application scenarios are increasing, and it is changing from an optimistic digital red envelope to a real financial dividend.

According to Xinhua News Agency, 23 regions in 15 provinces (cities) participated in pilots, and 10 operating institutions participated in research and development. Digital RMB research and development pilots have formed a certain pattern, becoming a pioneer in global research on statutory digital currency research.

People are familiar and unfamiliar with digital currency. Bitcoin, mining, blockchain, distributed bookkeeping, etc., which are at the forefront of digital technology, make digital currencies not only network hot words, but also seem to be far away from ordinary people. As digital currencies become capital games in the blurred zone, various digital currencies have also become carriers and speculative foam tools for hype. Players of digital currencies, in addition to technology leaders who are well versed in mining rules, also include entrepreneurs like Musk. When the digital currency alienation is into a capital game, the digital currency collapses after the foam is ruptured after a high opening and high.

This digital currency hype game under the high -tech coat has become a farce of the end of the song. Even a big capital player like Musk will "recruit" a huge loss. According to foreign media reports, due to the plunge in Bitcoin prices, during the six months of June 30, 2022, Tesla has converted about 75%of the Bitcoin it held to a legal currency and recorded it in the report. The impairment loss of $ 170 million. Moreover, digital currencies consume huge amounts of energy because of "mining", and Bitcoin and other barbaric -growing digital currencies have begun to become dull.

Digital currencies have changed from fashion products to flood beasts. Digital currency comes with digital aura, and it is supported by blockchain technology. However, due to the characteristics of its virtuality and decentralization, digital currencies have the "freedom" attributes that are separated from financial supervision. Digital currencies that are not restricted and regulated are controlled by science and technology leaders and capital players, and use the rules of the capital market to create speculative effects, thereby stimulating the difficult speculative attributes, and being sought after by many investors. Invisible digital currencies, in the process of barbaric hype, use the rules of the capital market to become a tool for wealth for a small number of people, and others are ruthlessly cut "leek".

Digital currencies themselves are not wrong. Digital currencies that are not included in supervision, abducted by capital, and are sought after by online speculation are the problem. Incorporate digital currency into the existing financial supervision system, use the advantages of distributed bookkeeping, high confidentiality, high payment efficiency, and low cost of use, and low use costs. In order to make the digital currency from the "Sun Monkey" who does not talk about the rules becomes the "Sun Dasheng" of the Book of Books.

Digital RMB is led by the central bank of my country. It has gradually piloted and promoted steadily. In many cities and many scenarios, let the public enjoy the dividends of digital RMB, and make the digital renminbi stable as far as the market rhythm is the same as the same frequency. More importantly, in the promotion and multi -scenario use of digital RMB cities, the central bank is also accumulating the regulatory experience of digital RMB in the market and people's livelihood. Practice has proved that on the basis of fully accustomed to mobile payment, Chinese people can easily accept the payment and consumption model of digital RMB; the market has also fully proved that digital RMB not only maintains the convenient and efficient mobile payment, but also fully reflects the confidentiality of the digital RMB , Safe and traceable.

Digital RMB pilots have expanded from the initial "4+1" to "10+1", and then to 23 regions in 15 provinces and cities today, the scope of the pilot has been steadily expanded. Moreover, the four regions of Shenzhen, Suzhou, Xiong'an New District, and Chengdu have canceled their list of whitelist. The stable policy guidance and the promotion of the central bank have made digital RMB promotion in China. Moreover, the digital RMB also appeared in the Winter Olympics and the Paralympic Games, increasing the global influence of digital RMB. Therefore, China is at the forefront of the world in digital currency supervision and use.

Digital RMB is mainly positioned in cash payment vouchers (M0). As the real RMB is the central bank's liabilities to the public, it has the same legal status and economic value. Therefore, as long as the financial functions and economic value owned by the real RMB, digital RMB should be fully covered. Of course, digital RMB should also have the same legal status of physical renminbi, which is included in central bank supervision.

The financial functions of digital RMB have just started, and the economic value of digital RMB has yet to be expanded. From red envelopes to daily payment, from the comprehensive business of financial institutions to the extension of fiscal and tax systems to foreign exchange settlement. Coexist with physical currencies in the era of big data. The central bank will also form a new financial regulatory system through innovative financial supervision. The global central bank is also accelerating the deployment of the country's digital currency, and digital currencies have triggered global competition. In this regard, digital RMB must be stable and far away, not only to achieve the well -being and financial dividend of people's livelihood, but also to ensure the leading advantage of the digital currency field.

(The author is a visiting researcher at Renmin University of China Chongyang Financial Research Institute)

Daily Economic News

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