end of digital currency

According to blue whale finance and economics, Li Lihui, former president of the Bank of China and head of the blockchain research group of China Internet Finance Association, legal digital currency has four main advantages. Firstly, legal digital currency has the advantages of replacing cash and saving the cost of caend of digital currencysh circulation. It can be the sixth version of RMB; secondly, it can strengthen the public attribute of the payment system and promote inclusive payment Financing can make more people use this payment system; third, it can ensure the reliability of financial transactions; fourth, it can accurately adjust the money supply and strengthen the supply of currency market circulation. At the same time, legal digital currency also has three potential risks: one is that it will weaken the initial credit ability and profitability of commercial banks; the second problem is that it is more likely to trigger systemic financial risks; and the third problem is that because of digital currency, there are three potential risks,

The court sentenced 16 defendants, including Chen, Ding and Peng, to fixed-term imprisonment ranging from two to 11 years and fined, and the stolen goods, money, fruits and tools involved in the case were confiscated and turned over to the State Treasury according to law, the procuratorial Daily reported. According to the police investigation, from May 2018 to June 2019, Chen, Ding, Peng and others set up the plustoken platform, developing more than 2 million members. In addition to domestic members, there are also many overseas members with a hierarchical relationship of more than 3000 layers. Within a year, the platform has absorbed member bitcoin bitcoin bitcoin, a decentralized, non universal global payment cryptocurrency, while most countries believe that bitcoin is a virtual commodity, not a currency. The concept of bitcoin was born in a paper signed by Nakamoto Nakamoto in 2008. On January 3, 2009, based on the peer-to-peer network without borders, it was invented with consensus initiative open-source software. The number of bitcoin agreements is capped at 21 million to avoid inflation. Using bitcoin is to use the private key as a digital signature, allowing individuals to pay directly to others without going through third-party institutions such as banks, clearing centers, securities dealers, etc., thus avoiding the problems of high fees, cumbersome procedures and regulatory issues. Any user who has a digital device that can connect to the Internet can use it. Bitcoin btcbitcoin view more distributed blockchain application platforms that are open to Ethereum. Through its exclusive cryptocurrency, ether ethercoin provides decentralized virtual machines to handle point-to-point contracts. Allow anyone to build and use decentralized applications running through blockchain technology without any fraud, censorship, or third-party supervision. The concept of Ethereum was first proposed by vitalik buterin, vitalik buterin, inspired by bitcoin from 2013 to 2014 to jointly build a more global, freer and more reliable internet.

In the second point of building a modern economic system, it is mentioned that we should support innovative applications such as digital currency research and mobile payment in Shenzhen. Promote the interconnection with Hong Kong and Macao financial markets and mutual recognition of financial end of digital currency(Fund) products. We should try our best to promote the internationalization of RMB and explore the innovation of cross-border financial supervision. In May this year, Lianwen once reported that Shenzhen Institute of financial science and Technology (sfsti) published 29 job recruitment on the recruitment website pull hook.com, covering blockchain R & D Engineer, blockchain architect, trade finance product director, risk compliance expert and other blockchain technology and finance related posts.

NGC capital investment will be launched in WireX, the fourth phase project of okexjumpstart. According to the data of block123.com, WireX is an encrypted asset payment product, with services from more than 130 countries and more than 2 million users. It has obtained the EU e-payment license. It is the first one-stop service of digital Bank + Visa debit card + French currency exchange. At present, it can support the exchange service of 9 kinds of encrypted assets and 26 kinds of French currency. The founding team from Morgan Stanley, solid bank, Saxo Bank and other first-class financial institutions and enterprises.