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wholesale surgical steel jewelry in china The virtual currencies such as Q coins or other game currencies we use online are strictly virtual products, or intermediate goods, not currency, and do not have the ability to purchase legal currencies. And the market talk about more Bitcoin is also different. It is a decentralized virtual currency that uses blockchain technology, which is easy to facilitate money laundering. Therefore, the application of blockchain technology should not be copied. If the central bank issues digital currencies, it should be a centralized currency. The legal currency, an encrypted, and national credit support issued by the central bank, meets the requirements of supervision.
The a few days ago, Indian Prime Minister Modi announced the issuance of new currencies to crack down on tax evasion and money laundering. In fact, if the central bank issues digital currencies, if the technology is too strong and the mechanism is mature, I believe it will have better results. Because of digital currencies, in addition to preventing fakes, digital currencies generated by blockchain technology have allowed capital data to have the characteristics of tracking and high transparency. These characteristics can also be used in macro data statistics and monitoring, and it has positive significance for big data risk control.
For the bank's digital currency, the central bank's meeting on January 20 this year requested that the Digital currency research team of the People's Bank of China must actively absorb the important achievements and practical experience of digital currency research at home and abroad, and work in the early stage. We will continue to advance, establish a more effective organizational guarantee mechanism, further clarify the strategic goals of the central bank's issuing digital currency, do a good job of key technology research, study multiple scenarios applications for digital currencies, and strive to launch digital currencies issued by the central bank at an early date.