在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語Fran?ais
Europe

Inching closer to digital currency

By Wang Yanfei | China Daily Europe | Updated: 2017-10-20 08:35
Share
Share - WeChat

The People's Bank of China, China's central bank, has completed trial runs on the algorithms needed for digital currency supply, taking it a step closer to addressing the technological challenges associated with digital currencies, according to a top official associated with the project.

Yao Qian, director-general of the Institute of Digital Money at the PBOC, says China's central bank has successfully designed a prototype that can regulate the supply of its future digital fiat currency.

The successful simulation of money supply paves the way for the central bank to become the future sole regulator and policymaker governing the value of digital fiat currency, says Yao.

Digital fiat currency is the digital form of a sovereign currency that is backed by the central bank.

Unlike bitcoin or other digital money issued by the private sector, the digital fiat currency will have the same legal status as the Chinese yuan, the only fiat currency issued by the People's Bank of China.

There is no timetable for the introduction of the currency but, once introduced, China is likely to become the first country to deploy a digital fiat currency.

China's central bank has been actively preparing for a digital fiat currency since last year.

"China has been at the forefront in digital payment technology development," says Di Gang, a senior engineer of the institute.

"However, it will still be some time before the currency goes public," says Di, adding that "the central bank is proceeding very cautiously".

Apart from solving the technology challenges, there are a number of other concerns that are yet to be solved, such as managing risks and improving efficiency, according to Di.

The government also needs to factor in whether the public will use the new currency, he adds.

"The central bank might be able to start trials in some developed regions such as Beijing, Shanghai and Guangdong province, and see how citizens respond to the digital currency," he says.

The development of a digital currency comes at an opportune time for China, says Yao.

The rapid development of the electronic payment sector and thriving private digital currencies have made it imperative for China's central bank to move quickly on digital finance.

Looking ahead, deploying the digital fiat currency is expected to be smarter and more intelligent compared with the payment providers using existing currencies, such as Alipay, according to Yao.

wangyanfei@chinadaily.com.cn

(China Daily European Weekly 10/20/2017 page29)

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 韩国三级中文字幕hd爱的色放 | www嫩草| 综合亚洲色图 | 91视频免费版污 | 欧美日韩免费 | 天堂精品 | 久久高清| 亚洲在线| 国产精品久久久久久久久久99 | 一级片福利 | 久草毛片 | 日摸夜操| 精品久久国产 | 欧美精品一区二区在线观看 | 久久亚洲国产 | 激情网五月天 | 日韩欧美在线观看 | 欧美综合久久 | 综合网视频 | 欧美日本国产欧美日本韩国99 | 久久激情网站 | 亚洲 自拍 另类 欧美 丝袜 | 欧美男人天堂 | 91精品国产aⅴ | 最新版天堂资源中文在线 | 日韩成人短视频 | 色婷婷av一区二区三区软件 | 一区二区精品视频 | 在线 丝袜 欧美 日韩 制服 | 亚洲成人免费观看 | 精品久久久影院 | 亚洲精品在线观看免费 | 欧美日本韩国一区二区三区 | 成人欧美一区二区三区色青冈 | 理论片免费在线观看 | 欧美日韩毛片 | 午夜黄色影院 | 亚洲精品国产区 | 99国产精品久久久久久久 | 日韩在线观看视频一区二区 | 日韩欧美在线一区 |