In 2017, the Digital Currency Research Institute of the People's Bank of China was formally established to begin legal digital currency research.
In 2019, the central bank held a meeting to request accelerating the research and application of DCEP.
In October 2020, 10 million digital currencies were sent free of charge in Shenzhen, and the regular application test of DCEP was conducted.
In the two sessions held in 2021, digital currency was independently included in the report of the two sessions.
A central bank digital currency is nothing like a blockchain currency like Bitcoin. It borrows the concept of "digital" and is a substitute for cash money. It does not use the technology of blockchain, and is still a product of centralization. The central bank digital currency is the fastest progress in the implementation of central bank-level digital currency varieties in the world. The central bank digital currency to implement the significance of where?
Accelerate the internationalization of the RMB. At present, the world's common trade settlement system uses the US dollar as the currency, and the tool used is the US-led swift system. The digitization of the RMB can cut into this settlement system in another field and angle. Backed by the country's credit, dcep has a certain use scenario in the field of payment and trade.
Influence monetary policy more effectively. With the help of big data and digitization, the central bank's monetary policy can go straight to the terminal, reducing the impact of intermediate links.
Real-time collection of monetary flow data. Understand changes in economic development more effectively, so as to formulate more appropriate policies.
Anti-money laundering and counter-terrorism with the help of big data.
Listed companies in the banking IT category will benefit significantly from the transformation of the banking system brought about by the digital currency and other application markets. Changliang Technology has carried out regular research and technical preparations for the central bank's digital currency, and set up a project organization on blockchain. Yuxin Technology is a leading financial IT services company, mainly engaged in the provision of information technology services to banks and other financial institutions.