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What is a blockchain mall,The central bank cracked down on counterfeits twice a month! Don't trust digital currency counterfeits, which may involve fraud and pyramid schemes

Time : 27/11/2021 Author : cfrkva Click : + -
        On December 11, the official wechat of the people's Bank of China announced that recently, some institutions trade related products under the name of "DC / EP" or "DCEP". The people's Bank of China issued an announcement on November 13 to remind the general public not to be deceived. The people's Bank of China reiterates that the people's Bank of China has not issued legal digital currency (DC / EP) nor authorized any asset trading platform to conduct transactions. The so-called issuance of legal digital currency and the introduction of "DC / EP" or "DCEP" by individual institutions in the name of the people's Bank of China may involve fraud and pyramid schemes. Please raise the public's awareness of risk, do not be partial to trust and prevent damage to interests.
 
        After the blockchain fire, more people in the coin circle took the opportunity to speculate. This is not the first time that the central bank has clarified rumors related to digital currency. In addition to the announcement issued by the central bank on November 13 to remind the general public not to be deceived, at the beginning of November, it was rumored on the Internet that the central bank's digital currency working group met with the heads of relevant blockchain companies in Shanghai, and these companies may participate in the first batch of chain entry data of the central bank's digital currency. The central bank also denied this rumor. The development of blockchain technology is still in the initial stage, and many technologies have not been effectively solved. The public should be more cautious of illegal financial activities under the cloak of blockchain. In particular, as many P2P network lending institutions have learned from the past, the public should be more vigilant against illegal institutions that conduct illegal fund-raising and fraud under the guise of financial technology innovation and Inclusive Finance.
 
        The central bank pointed out in the rumor dispelling announcement on November 13 that the central bank began to study legal digital currency in 2014 and is still in the process of research and testing. "DC / EP" or "DCEP" traded in the market are not legal digital currencies, and the launch time of legal digital currencies transmitted online is inaccurate. At present, the so-called legal digital currency issuance on the Internet, as well as the behavior of individual institutions using the name of the people's Bank of China to launch "DC / EP" or "DCEP" to conduct transactions on the asset trading platform, may involve fraud and pyramid schemes. The statement of December 11 is a reaffirmation of the rumor refuted last month. Recently, there has been a lot of news about the central bank's digital currency. At the beginning of November, it was reported that "a few days ago, the central bank's digital currency working group met with the heads of relevant blockchain companies in Shanghai, and these companies may participate in the first batch of blockchain data of the central bank's digital currency". Subsequently, the central bank made it clear that the news that the central bank's digital currency working group met with the heads of relevant blockchain companies in Shanghai was a rumor.
 
        According to the report of Caijing magazine, the central bank's legal digital currency pilot project led by the central bank and jointly participated by the four major state-owned banks of China Construction, China Mobile, China Telecom and China Unicom is expected to be implemented in Shenzhen, Suzhou and other places. This pilot project will go out of the central bank system and enter real service scenarios such as transportation, education and medical care, reach C-end users and generate frequent applications, Pilot banks can choose scenarios according to their own advantages. The Chinese reporter from the securities firm learned from the bankers that the legal digital currency is a confidential project within the central bank. Currently, the central bank is taking the lead. The four major banks are making preparations for system docking. The more specific implementation path is still waiting for the central bank to arrange.
 
        The implementation of digital currency in Shenzhen is expected to be in line with the relevant arrangements in the construction of the pilot demonstration zone. In August this year, the CPC Central Committee and the State Council issued the opinions on supporting Shenzhen to build a leading demonstration zone of socialism with Chinese characteristics, which clearly stated that it supports the development of digital currency research and mobile payment and other innovative applications in Shenzhen. Securities Times & middot; On December 11, the reporter of E company learned exclusively that after several months of research, the action plan for building a leading demonstration area of socialism with Chinese characteristics in Shenzhen (2019-2025) was officially printed and issued in early December and distributed to the relevant departments of Shenzhen. Next, all units will carry out specific work according to the above action plan.
 
        As the central bank said, the central bank began to study legal digital currency in 2014 and is still in the process of research and testing. "DC / EP" or "DCEP" traded in the market are not legal digital currencies, and the launch time of legal digital currencies transmitted online is inaccurate. Therefore, although there are many discussions on digital currency and blockchain in the market, the most authoritative voice on digital currency still comes from the central bank. What is digital currency? What is the difference between digital currency and existing RMB? Mu Changchun, director of the digital currency Research Institute of the central bank, introduced the digital currency of the central bank in detail in the course "Frontiers of science and Technology Finance: Libra and digital currency outlook" opened on the "get" app.
 
        According to Mu Changchun's introduction, the reporter of Securities Times summarized the following points:. 1. The central bank digital currency (DCEP) has been proposed as early as 2014. Its function and content are similar to that of paper money, but its form is digital. It is a digital payment tool with value characteristics, and can realize value transfer without an account. For example, in such a scenario, there are DCEP digital wallets in the mobile phones of two people. As long as the mobile phones have power, even if there is no network, the touch of two mobile phones can transfer the digital money in one person's electronic wallet to another person. In other words, digital money does not need to be bound to any bank account when it is paid. Unlike wechat and Alipay, which need to be bound to a bank card, DCEP does not need to be bound to a bank account. Except for the purpose of charging money into DCEP or withdrawing money from DCEP for financial management, account binding is not required for transfers between users.
 
        2. The central bank's digital currency is a legal currency with legal compensation, that is, it cannot be rejected. From the perspective of legal authority, its effectiveness and security are the highest. 3. The central bank's digital currency adopts a two-tier operation system, in which the digital currency is first converted to banks or other operating institutions, and then converted to the public by these institutions. 4. The central bank's digital currency can meet the demand of anonymous payment, but for the sake of anti money laundering, the central bank has also set up grading and quota arrangements for digital wallets. For example, the wallet level registered with the mobile phone number is the lowest, which can only meet the daily small payment needs. If you upload your ID card and bank card, you can get a higher-level digital wallet; If you go to the bank to sign, there may be no limit for payment.
 
        5. As Facebook plans to launch Libra, there are endless discussions in the market that the private sector's participation in the issuance of digital currency will challenge the existing sovereign currency and the authority of the central bank. Mu Changchun said that the central bank chose to launch digital currency in order to prepare for a rainy day and protect its currency sovereignty and legal currency status in today's electronic payment means are so developed. In addition, the cost of issuing, printing, returning and storing banknotes and coins is too high, and anti-counterfeiting technology is required, which is not very convenient to carry. It has been four and a half years since the central bank's digital currency preparation. According to Mu Changchun, it is "imminent". Then, once the central bank's digital currency is officially launched, does it mean that the general public can use digital currency immediately?.
 
        In this regard, Zhou Xiaochuan, former president of the central bank, said at the Caixin summit recently that the central bank's digital currency is more for domestic consideration and may pay more attention to providing digital currency in the wholesale and clearing links between the central bank and third-party payers. Although theoretically, the central bank's digital currency can also serve retail, it will be very cautious because it will have a great impact on the existing financial system. Sun Tianqi, chief accountant of the State Administration of foreign exchange, said recently that whether new technology is a "good medicine" or a "drug" requires joint efforts to make it develop in the direction of "good medicine". First, do not hype the concept of blockchain; Second, illegal financial activities cannot be carried out under the cloak of blockchain; Third, in order to truly gain market space, blockchain technology must find its own market from the current economic and financial pain point and from the process of serving the real economy.
 
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