日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

PBOC inches closer to digital currency

By Wang Yanfei | China Daily | Updated: 2017-10-14 09:10

PBOC inches closer to digital currency

The People's Bank of China (PBOC) is seen in this photo taken on June 12 in Beijing. [Photo/Xinhua]

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, said 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, said Yao.

Digital fiat currencies are the digital forms 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 has 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 that would deploy a digital fiat currency.

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

Earlier in June, the central bank finished several digital money trials involving fake transactions between it and some of the country's commercial banks.

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

"However, it would still be some time before the currency goes public," said 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 whether the public would use the new currency, he added.

"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 said.

The development of a digital currency comes at an opportune time for China, said 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 in digital finance.

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

Most Viewed in 24 Hours
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: 亚洲va视频 | 99热在线免费观看 | 日韩 欧美 亚洲 | 免费一级做a爰片久久毛片潮 | 国产精品一区在线免费观看 | 欧美亚洲精品在线观看 | 狠狠干狠狠操 | 色妞欧美 | 日本www色| 日韩欧美视频在线播放 | 青娱乐欧美 | 日本成人一级片 | 黄色一级片在线 | 美日韩在线 | 色女人影院 | 青青草福利视频 | 伊人福利| 国产精品一区av | 精品动漫一区 | 久久久久久福利 | 成人在线视频播放 | 黄色日韩视频 | 日韩淫片 | 久久五月视频 | 日本yapoo重口调教vk | 97国产 | 日韩五码在线 | 免费av一级片 | 欧美三级网 | 国产精品视频在线看 | 亚洲成人一区二区 | 国产精品国产三级国产普通话对白 | 欧美在线专区 | 香蕉视频在线视频 | 亚洲成人福利视频 | 国产一区二区播放 | av热热| 操操操综合网 | 日本一级片在线观看 | 最近日韩中文字幕中文 | 亚洲图片一区 |