Digital currencies are another form of legal tender that exists and circulates digitally as opposed to the bills and coins that are in circulation today. It is essentially legal tender digital currency. But in the long run, based on a statement issued by the central bank in the public media, after observation, in the field of new digital currencies represented by cryptocurrencies in the form of Bitcoin, the risk has been greatly reduced and mitigated.
There are already several places in China, including Shenzhen, Beijing and Hangzhou, where the government is trying to take the lead in this new field of blockchain, for example, Hangzhou has announced the launch of a 10 billion dollar blockchain fund. This shows that the development of blockchain technology is basically recognized by the government. Whether a new technology can be finally transformed and successfully landed. In fact, it is necessary to refer to a number of complex factors, one of the key points lies in whether to find a suitable application scenario, as well as having a superb technical concept.